#socializedlosses — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #socializedlosses, aggregated by home.social.
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Crypto community slams WazirX’s 'socialized losses' plan after hack - As WazirX navigates this crisis, the firm faces the challenge of rebuild... - https://cointelegraph.com/news/wazirx-backlash-socialized-losses-plan-230m-hack #cryptocommunitybacklash #cryptocurrencyexchange #$230millionexploit #wazirxcontroversy #socializedlosses #55/45approach #nischalshetty #wazirxhack #userpoll
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@OccuWorld Painfully true. That same lie of Reaganomics taken from the “Horse and Sparrow” bastards.
https://hartmannreport.com/p/is-the-horse-and-sparrow-economic
Then they usually try and shift to talking about Keynesian models which is more market manipulation, as shown in some (cheesy but rather clever) rap battles.
https://mises.org/library/brilliance-hayek-vs-keynes-rap
#KeynesVsHayek #HorseAndSparrow #Reaganomics #BoomAndBust #SocializedLosses #PrivatizedGains -
Today the US government took over a failing bank and sold it to our largest bank. In order to sell it, it had to use $13,000,000,000 taxpayer dollars to split insurance on uninsured funds. Once again, we socialized losses of banks whose gains are private. Once again, we were told it was far better than the alternative.
So, what is the alternative? Well, the alternative is to unmask the system as a complete scam that redistributes wealth away from those who need it most. The maneuver was a slight adjustment to a house of cards.