Imagine that for the last 100 years, the federal government’s policy was to bail out every business that was in danger of going under. The policy would consist of shoveling large amounts of subsidies into the business in order to help it remain in business. If, however, the business failed anyway, the federal government would pay a large sum of money to the owners of the business as well as to the business’s employees to enable them to transition … Continue reading Why Not Let Banks Fail?