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>A stock market crash wouldn’t improve the economic situation... Many Americans have retirement and pensions tied to stocks. Sounds like a free market isn't go
by throwaway_USD 6y ago
>A stock market crash wouldn’t improve the economic situation... Many Americans have retirement and pensions tied to stocks.
Sounds like a free market isn't good for the Free Market. A crashed stock market would create opportunity for new investors to invest during this historic downturn...instead during this historic downturn the market is being artificially supported (at record high prices nonetheless) so no new investors will enter.
Free market economics asides, I could imagine the bourgeois and bourgeoise running around during the French Revolution telling the plebs how revolutions and guillotines aren't good for the economy.
- chasd00 6y agofair point, I remember during the financial crisis in 2009 how i felt the bank bailout was unfair and the market should have been allowed to sort it out. Since then i've come to believe that lives are tied to market prices so it's more complicated. You can let it crash and create opportunity for new investor, you can also watch someone drown and create a new spot at the pool. ...it gets complicated.