Market Massacre

Just yesterday, this publication concluded:

The key theme [in identifying contemporary economic problems and solutions] is that these are structural and systemic failures, and not ones that can be addressed by panicking and “saving the system”. No matter how much money we inject into markets, unless bad ideas are allowed to fail, and good ones to prosper, unless bad investments result in losses, and good ones in gains, unless bad decisions result in failure, and good ones in reward, then all of that money is wasted. If anything, we need bad systems to break. We should take the consequences, and start rebuilding more robust systems.

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