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I'm not surprised at all, everyone knew the bailouts in 2008 were bad, would bust, and would cause a problem, hell kids even knew it, every economist under the sun knew it, the only ones saying otherwise were paid by the people that took the money.
Now it is funny that these Austrian folks think they predicted this, just like it's funny they ignore history on gov intervention-investments that have worked, which isn't really doing them any good on getting out the theory books.
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