How is it any different than the
Posted on: April 27, 2020 at 09:15:11 CT
meatiger MU
Posts:
132295
Member For:
26.32 yrs
Level:
User
M.O.B. Votes:
0
current bailouts going on?
At the end of the day there are three problems
1. Keeping interest rates extremely low encourages debt to be taken on and discourages keeping cash around for a rainy day
2. Our government has a long long history of bailouts, further encouraging poor fiscal management
3. The general believe is that a government promise should be kept vs a private promise could be loss due to bankruptcy. What does that do to any public confidence if the government does not deliver on its promises?
Not saying I support any of these, but that is where we are at today...and part of the reason many have been trying to get someone like you to maybe evaluate Libertarianism more seriously.