Chris Murphy

@ChrisMurphyCT ↗

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Last Checked April 3, 2023

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Mon Mar 13 01:55:24 +0000 2023

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Chris Murphy @ChrisMurphyCT

Feels like it's unacceptable to maintain an economic system where big economic gains are privatized into the hands of a small economic elite, while big losses are socialized across the the entire economy. — PolitiTweet.org

Posted March 13, 2023

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Chris Murphy @ChrisMurphyCT

This is also not the time for dismissiveness about the moral hazard. A major run on banks would be terrible. But so is a continuation of the status quo, where a bailout for the rich is regrettable but sound policy, but a bailout for poor people is dangerous socialism. — PolitiTweet.org

This is not the time for moral hazard lectures or for lesson administering or for alarm about the political consequences of “bailouts”. 4/

Posted March 13, 2023

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Chris Murphy @ChrisMurphyCT

RT @andrewrsorkin: It is a bailout. Not like 2008. But it is a bailout of the venture capital community + their portfolio companies (their… — PolitiTweet.org

Posted March 13, 2023 Retweet