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by zie
823 days ago
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Because when the world blows up, people need someone to step in and get the system going again. If they don't it will take forever to get the economy going again. See the GFC as an example. The US economy was about to implode, but the govt stepped in and said, heck no, not on my watch and fixed it. Instead of taking many many decades to right itself, we did it in 1 and the US govt made a nice profit to boot. A counter point is Japan, they chose not to fix their capital markets and it's 30+yrs later and they finally are getting back on track. |
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