Thomas Sowell Quotes

Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
Thomas Sowell
Thomas Sowell

Quotes to Explore

This site uses cookies. By continuing to use this website, you agree to our policies regarding the use of cookies.