Why Nostr? What is Njump?
2023-04-13 10:56:04

blueshoyru on Nostr: What came first excessive leverage in the economy or government stimulus. It’s a ...

What came first excessive leverage in the economy or government stimulus. It’s a chicken an egg problem.
Either way the governments willingness to provide liquidity to overly levered businesses creates a situation of morale hazard!
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npub12aslw9lf7jkmhag67sxty7g0q6lqvnmk2gvnhgmqaf42pwsflmasjxrgqt