Oct 10
I would feel better about the U.S. governments recent financial actions if they didn’t perpetuate the basic problem that got us in that mess.
The basic problem? Private reward and socialized risk. Put another way, what’s good is mine, what’s bad is ours.
But the government continues to print money to cover the risk taken by private entities. Surprise surprise…. Uncle Sugar finds that when something costs nothing insatiable demand for it follows.
What you reward you get more of.
Hey Uncle Sam… stop digging!