RE: The Walking Debt and The Starving Child: Welcome to the Upside Down Economics of Kicking the can Down The Road to get High on Assets that Doesn't Exist
Well, in usa they provided some kind of tax relieves to that one big airplain company, though it may not have been excactly for reasons I talked about. I live in finland and there was this fucked up mining project, were they at the end threw money just to keep the jobs, rather than handing it to people directly.
And during the 2008 crash the governemnt bailed out the banks which were leveraged to death instead of paying off the defaulted debt (which is still a terrible thing on a long term but less of a bad thing is better).
Well, in usa they provided some kind of tax relieves to that one big airplain company, though it may not have been excactly for reasons I talked about. I live in finland and there was this fucked up mining project, were they at the end threw money just to keep the jobs, rather than handing it to people directly.
And during the 2008 crash the governemnt bailed out the banks which were leveraged to death instead of paying off the defaulted debt (which is still a terrible thing on a long term but less of a bad thing is better).