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by tatsuke95
5003 days ago
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>"We really have no idea what would have happened had the fed not intervened and allowed a normal bankruptcy to occur." This is the fallacy: You really have no idea. That's not an insult. People who do this for a living, like, say, FRB economists, do know the consequences of letting bank runs occur and not providing liquidity during a crisis. It's well studied. |
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