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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

in #economy7 years ago

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.

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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).