Comment by JumpCrisscross
6 days ago
> pretty sure a government won’t bail me out if I invested in a stock
https://en.wikipedia.org/wiki/Greenspan_put
More pointedly, you're not in a position to block equity capital markets reforms in the way homeowners are in respect of housing reform.
Homeowners shouldn't be either. Locals should have less of a say in zoning decisions since they've demonstrated they won't act in their community's interest.
Also, making the public hold the bag in a bubble is perhaps the most sinister form of theft imaginable.
Yeah everyone involved in that should have been shot. That's part of what led to the situation we have today.
Short term thinking dominates economics these days. Managing the current downturn is most important, when people ask about longterm implications do a bunch of hand wavy stuff about it being temporary and then kick the can to the next guys who do the same thing.
> Short term thinking dominates economics these days.
Especially among people criticizing the response to 2008/2020.
Failing to mitigate sickness in capital markets and the economy in the short term would have inflicted far more damage in the long term.
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