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Coronavirus has shown us we were living in an economic fairy tale
Monday, March 30th, 2020
… in late 2008, something extraordinary happens. Instead of allowing the system to fail as capitalism calls for, governments bail out the system. By doing so, they save the same people that created the crisis in the first place, effectively guaranteeing their wins and socializing their losses.
The “real” value of your cash is destroyed as new money is created out of thin air and the system is bailed out… Everyone once again believes in the fairy tale.
Tags: economy, ideology
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