Conversation

Nassim Nicholas Taleb
@nntaleb
Explain to me why we should spent taxpayer money to bailout companies (airlines) who spent their cash buying their own stock so the CEO gets optionality, instead of having a crisis buffer. We should bail out individuals based on needs, not corporations. #Moralhazard
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Michael Timbs
@michael_timbs
The market has boom and bust cycles. Companies that build cash reserves lose in booms but capitalise in crashes when they can buy up competitors cheap. We need to keep that incentive structure and not bailout reckless governance
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