The negative side to all the various bale outs by the Federal Reserve and the government: more crony capitalism where weak companies that should fail and just disappear are kept alive. Why there has been such poor growth in the last 10 years — all these zombie companies that are unproductive. Bale out nation — that’s how you undermine capitalism. Assets are spent on unproductive companies.
Bale Out Nation
Henry Barnard Economics and trade 1 Minute
- Federal Reserve
Published by Henry Barnard
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up. View all posts by Henry Barnard