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by charlesdm
2972 days ago
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That's like saying, he got a mortgage, shame on the bank for giving him free money! It's not free money. It's a loan that needs to be repaid. Market rate interests are also being paid on that loan. The government is making money from those bailouts. If you don't like working then you are free to take out loans against your existing assets (shares, real estate) and be a capitalist. But managing or investing money is still hard work (though different) and definitely not "free money". |
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> It's not free money. It's a loan that needs to be repaid. Market rate interests are also being paid on that loan. The government is making money from those bailouts.
You seem to know your econ. Maybe you could help me. Would you mind calculating the ROI for me on this ten year loan please? Must be similar to the market rates in 2008 I guess...
> But managing or investing money is still hard work (though different) and definitely not "free money".
There's a really good book that touches on this and has some nice case studies: Thinking fast and slow by Kahneman (econ nobel prize winner if I'm not wrong).