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Well when you have the money printer at your fingertips, it really is impossible for you to lose money. But that doesn't mean that what they're doing with the money supply and buying bonds is moral or fair.

What they're doing is monetary fascism, where they are picking the winners and losers based on arbitrary criteria. Some companies and industries will get more help than others. Whoever gets the money first will have an advantage over who gets money last. The moral hazards of this interventionism are many.

It also means that people who properly hedged for risk, the way capitalism actually works, are getting punished.



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