An arrogant view of insolvency?

  • Thread starter Thread starter morganist
  • Start date Start date
Quote from dandxg:

What if what is done is what the Fed/US gov. did with GM and AIG. They loan the money, print from thin air, shore it up until it bounces back and then take repayment. I have changed my opinion, I think it was a good idea, but as Mark Fisher MBF said US taxpayer should have demanded a 30% equity stake. Instead we lent it for free, basically, and just kept them from going under.
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That is one or two companies. If you want to do that for the whole economy or even the pension liabilities you are talking serious monetary expansion. You also assume the economy will grow again to the level necessary. If there is an ageing demographic the economy will contract.
 
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