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by ClumsyPilot 1597 days ago
This is thoroughly wrong.

Government does not invest a limited pot of money like 'savings', it conjures up money out of nowhere and can deploy ulimited amount of capital. The only limit on this activity is literally breaking the economy, causing inflation, etc,

If you propose we dump that money in education, well, we should, but it does not mean we should not bail out the banks - these two problems do not compete for same resources.

1 comments

Sure. The GGP tried to say the bailout was an investment with profits though. It's not as simple as "They got low returns so it was a bad investment", but it's also not as simple as "They got returns so it was a good because it was an investment."