The Fed could start by ceasing their bailout programs of banks, MMFs, and even non-financial corporate entities. Currently we have a moral hazard where certain people can gamble with the economy and keep their jobs regardless of what happens, all in the name of "stability."
The gambling with other people’s money needs to stop. Honestly, with some of the moves these financial institutions make, I’d rather them play in a rigged mob casino because at least there would be a chance of winning something.
The Fed could start by ceasing their bailout programs of banks, MMFs, and even non-financial corporate entities. Currently we have a moral hazard where certain people can gamble with the economy and keep their jobs regardless of what happens, all in the name of "stability."
The gambling with other people’s money needs to stop. Honestly, with some of the moves these financial institutions make, I’d rather them play in a rigged mob casino because at least there would be a chance of winning something.
that goes into my "upper strata handout" bin.
they can't stop funding parasites or they will get overthrown.