Quote:
Originally Posted by GoS
The President can control what the oversight situation looks like. And besides, 10 billion dollars a month freed up and who knows where that money could have been put to use.
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Unfortunately, government money tends to "crowd out" private money and in the end hurts market forces. It's vastly less efficient than private money because government cannot really create wealth, it more or less redistributes it. If you factor in the money multiplier, it gets even less efficient, etc.