Bill R wrote:
I'll have to go with Allen on this one. Economics is not a zero sum game.
BillR
No, but government redistribution is a negative sum gain.
Loss to serfs = gain to fat cats + slippage
More important is the moral hazard inherent in telling powerful financial firms
that if they take enormous risks and win they get the profits, and if they take
enormous risks and lose the serfs will cover their losses, plus enough extra
that they can still get their $50MM bonus check come December.
Mitch.
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