Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
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Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#2Looks like these reporters have missed the entirety of reddit, there is plenty of criticism there, from what I’m assuming amounts to thousands or millions of people.
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#3This article is no way reflects reality. There's a reason the "money printer go brrr" meme is blowing up. There is already significant outrage about the moral hazard of what's being done by the fed, and the sentiment is growing. This article reeks so badly of blantently trying to control the narrative to the advantage of the elite that it's disgusting. Rather than let companies that made shitty decisions die and let capitalism operate, we're creating a horde of zombie companies that are going to plague our economy for decades.
Welcome to the beginning of the lost decades. With these policies, it's going to decades before we see any true economic growth in the US.
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#4I don’t understand this stuff. Politicians have directly ordered closures. If your bottom falls out from under you because you were playing fast and loose that seems inherently different than being told from above “you just cease your main method of generating revenue until we tell you otherwise.”
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#5This article is no way reflects reality. There's a reason the "money printer go brrr" meme is blowing up. There is already significant outrage about the moral hazard of what's being done by the fed, and the sentiment is growing. This article reeks so badly of blantently trying to control the narrative to the advantage of the elite that it's disgusting. Rather than let companies that made shitty decisions die and let…
100% agree with everything except that this is the "beginning" - I think we're a couple iterations in already. It's just so widespread and deeper than before that people are seeing it more.
0% interest rates are purely to encourage consumption now instead of later. But unfortunately, the bill always - usually? - comes due. Unfortunately, most of the common indicators, signs, and metrics are detached from each other. Maybe they always were (Keynes vs Hayek) but now they're going opposite of where "common sense" says they should.
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#6In The Netherlands, our government reserved a special € 100 million for startups, because they are not eligible for the normal relief program because these startups have no revenue and "their succes is measured differently".
In the grand scheme of things, € 100 million is peanuts of course. Still I found it baffling. I should also mention these are loans, but if the startups fail the government is still holding the bag.
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#7There seems to be little talk about it on main stream media but it doesn't feel like that's the general sentiment.
The narrative has been mostly contained. It's scary times, really.
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#8I don’t understand this stuff. Politicians have directly ordered closures. If your bottom falls out from under you because you were playing fast and loose that seems inherently different than being told from above “you just cease your main method of generating revenue until we tell you otherwise.”
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Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#9This article is no way reflects reality. There's a reason the "money printer go brrr" meme is blowing up. There is already significant outrage about the moral hazard of what's being done by the fed, and the sentiment is growing. This article reeks so badly of blantently trying to control the narrative to the advantage of the elite that it's disgusting. Rather than let companies that made shitty decisions die and let…
Who needs economic growth when we can just lower interest rates to make The Line keep going up? It's been working over the past few decades...
Re: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
#10The biggest moral hazard is in colleges. The boards of colleges justified higher expense structures in the name of trying to win a zero sum rankings game.
The best case for them is a lot of people wondering why they are paying $30k a year to watch online lectures while inflation wipes out the debt.
The worst case for schools is a total restructure due to lower revenue and donations due to students unwilling to overpay to sit at home and alumni not having the funds.
The future is no college degree at all.