People don't like losing money. We don't like it either. But heck, that's just the way things work. We don't think we're going to like old age; but it's better than the alternative. And a meltdown, at this stage, is probably better than all the efforts made to prevent it.
That's the trouble with free enterprise. It's like the weather; people only like it when the sun is shining. But without the rain…things would get awful dry.
Bill Bonner contemplates an alternative to a bailout - letting the market adjust to economic reality.
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