Bailouts:
1. Necessitate inflation and steal wealth, due to money-printing. Everyone loses purchasing power.
2. Divert resources from the more productive parts of the economy into the unproductive parts.
3. Destroy jobs that would have been created in the more productive parts of the economy, had resources not been diverted to prop up unproductive jobs.
4. Prevent prudent businesses from gaining market shares. Instead, they are taxed so that the bailed-out companies maintain their positions in the market.
5. Deny prudent businesses the chance to snap up failed companies' assets, so that the economy can restart on a sounder footing.
6. Stifle competitive growth in the bailed-out sector.
7. Force taxpayers to buy up failed companies' assets at greatly inflated prices.
8. Allow government to grow bigger, imposing more rules and regulations.
Bailouts = bad economics + bad morality
4. Prevent prudent businesses from gaining market shares. Instead, they are taxed so that the bailed-out companies maintain their positions in the market.
5. Deny prudent businesses the chance to snap up failed companies' assets, so that the economy can restart on a sounder footing.
6. Stifle competitive growth in the bailed-out sector.
7. Force taxpayers to buy up failed companies' assets at greatly inflated prices.
8. Allow government to grow bigger, imposing more rules and regulations.
Bailouts = bad economics + bad morality
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