Comment: I don't buy the "what should the consumers" do argument.

(See in situ)


I don't buy the "what should the consumers" do argument.

In a free market there is no backstop. This is no different than what happened when banks went bankrupt prior to fiat currency and up until 1929.

If they made bad loans, their depositors got screwed when the bank went out of business. So guess what depositors did? They searched out reputable solid banks that did not make bad loans!

Doing that, the consumers forced the unbackstopped free market mechanism to only allow the reputable banks to survive and the ones where management made risky or dumb decisions to die.

That's what SHOULD happen. That's called the free market.

Yes, people will lose. More people will win. Under FREEDOM.

Freedom forces you to be more RESPONSIBLE for yourself and for your decisions.