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[–]Alan_Crowe 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

That is very illuminating. It reminds me of the pre-COVID planning for what to do about a respiratory virus. All the carefully worked out plans were based on the idea that life had to go on. COVID? not dangerous enough; do nothing. But then governments all round the world decided that drastic action was required.

It reminds me more of the admission of Greece to the Euro. An important part of the founding treaties was the question of what to do if a country defaulted on its debt. The answer emphasized moral hazard. If EU bailouts were permitted then lots of defaults would follow. So the rule was: no bailouts. Then Greece went bust and got bailed out.

Now there is a sense that it was German banks, that had lent to Greece, that got bailed out. Ordinary Greeks? Not so much. But maybe the US is only copying the EU in having rules against bail outs that get ignored.

[–]Canbot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Proving that the (((people))) who really run the country are not the government officials who go to those meetings.