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RE: Productive Debt, Non-Productive Debt, a Cup of Coffee and Blockchain..!!
I oppose debts being imposed upon me without my consent. Government debt and taxes do not allow me to make rational economic calculations.
Not 1 cent should have been gifted to the banks in 2008. It they had failed they should have been allowed to collapse. Not 1 cent of tax payers money should have been given free to the banks. People will wish it was 2008 when this fails again. AND IT WILL. Thanks for your support. Stephen
Failures should fail. Don't prop up companies that can't serve the market. Their resources need to be reallocated through the market process of bankruptcy. Institutionalizing and protecting failure is bad for everyone.
"Too big to fail" isn't a thing.
"Failures should fail"...I could not have put it any better myself. Great comment. Stephen