bailouts
Losing Money to Preserve Capitalism: Can We Afford to Continue Bailouts? (Part 2)
Modern banking system bailouts fly in the face of the ancient capitalist philosophy of losses signaling market risks. In addition, financial bailouts tend to escalate in size and damaging effects with time.
Losing Money to Preserve Capitalism: Can We Afford to Continue Bailouts? (Part 1)
A major and ancient tenet of capitalism is the importance of losses to preserving the efficiency of markets. Yet modern banking system bailouts fly in the face of this perennial philosophy.