Better to let bad banks fail than absorb their losses with taxes. | Hacker News

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		rainmaking on March 14, 2014 \| parent \| context \| favorite \| on: Mt. Gox knowingly traded non-existent Bitcoins for... Better to let bad banks fail than absorb their losses with taxes.

Guvante on March 14, 2014 | [–]

Except we protected the banks to save the investors. This screws the depositors.

dnautics on March 14, 2014 | [–]

I think you mean inflation. Taxes hurt rich people, inflation hurts the poor.

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