I haven't taken an economics class since my sophomore year of college (and I didn't do as well as I would have liked to say the least, lol), so I'm not even pretending to be any kind of authority on the best solutions to America's current financial situation. That being said, something doesn't seem right about the bail out plan the American government is leaning towards.
Monetarily beneficial or not, I think ethics should be applied to the economy because something is wrong when the profits of speculators (individuals and entities who invest in stocks, property, etc) are kept private but their losses are paid for publicly. Smells like capitalism when the rich do well and socialism when they don't. Somebody wake me up when the government decides to pay for my student loans.
That's all I got.
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3 comments:
Your a nerd.. haha
..lol shh don't tell anyone. at least my blog isn't organized like a new york times article with pictures neatly sprinkled throughout like someone else I know.
point taken.. do work today son.. holla
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