|
Nationalising debt seems to be a logical stabilising measure to ensure no massive depressions in the economy occur. If all these banks and NBFIs crash and burn, you'll have a large hole in the financial sector in terms of both economic and human capital.
|
The thing is.. It doesnt really stop the crash, only delays the inevitable and essentially turns our country into socialism.
AIG crashing would be bad. Proping them up for a year so we all crash even worse when they fail again since thy dont face the consequences of their actions.. much worse.
Threaded Mode