Hey Ben, if a $30 Billion net profit was realized, I wonder where that money went. I hardly see where it benefitted citizens whose money was used to bail out AIG and others.
It benefited everybody in society by not creating another Great Depression, pushing inflation even higher, and keeping hundreds of thousands, if not more employed.
Mises is total garbage Ben Dover. Just go read through any of the dozens, if not hundreds of articles predicting the ever-imminent (in their model) hyperinflation. They have a lot of them going back 7 years, and more before that.
They used failed ideology disguised as economic models to push their agenda. Their models are a disgrace to actual economists.
Read this for a real summary of whether or not TARP and the AIG bailout were positive. https://mises.org/library/was-tarp-good-taxpayers
That article is over 5 years old.
Hey Ben, if a $30 Billion net profit was realized, I wonder where that money went. I hardly see where it benefitted citizens whose money was used to bail out AIG and others.
It benefited everybody in society by not creating another Great Depression, pushing inflation even higher, and keeping hundreds of thousands, if not more employed.
Mises is total garbage Ben Dover. Just go read through any of the dozens, if not hundreds of articles predicting the ever-imminent (in their model) hyperinflation. They have a lot of them going back 7 years, and more before that.
They used failed ideology disguised as economic models to push their agenda. Their models are a disgrace to actual economists.