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Comment by Retric

In risk adjusted terms bailouts lose money by having easier terms than private investments.

Further, bailout money came from loans (bonds), and the government lost money both from the loan payment and the higher interest rate from selling more bonds.

People in prison do no work yet society has plenty of surplus to cover them. The reality is minimum wage jobs are a tiny slice of the economy because they create so little value. If BI means 1/2 of those jobs don't get done then no great loss.

parent Retric 9 years ago

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