Ex-Goldman CEO Lloyd Blankfein sounds alarm on private credit — warning it ‘smells’ like 2008
Former Goldman Sachs CEO Lloyd Blankfein has warned that the growing private credit market could lead to a financial crisis similar to the one in 2008, potentially affecting retail investors and th…
See, this is the libertarian problem. You can say they'd be better off if the government did nothing but that's a theory, pure idealism. It's never happened in history. There are a couple of implications from that:
It might be even worse than govt intervention. We can only guess.
It doesn't really matter whether it would be better or worse - and this is the more important point - because there is no sequence of events in which the government would not intervene, in the real world.
In the world as it stands today, you are correct and that's a huge problem with the world.
That's the world as it's always stood, from the feudal era to the present.
No, it's not how the world has always stood.
OK. When has this not been the case?