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Different types of business can tolerate different types of risk . I have ran many , many successful businesses without bailouts , tax money or bankruptcy . The difference between them and I is I actually know what I am doing . If they do not , bankruptcy is right for them . Tax money , Not.
Do something Danke
Source for the claim that heavily indebted people who are on the edge may go bankrupt when a govt via its intervention in the market causes a 17% drop in the product they are selling?
If this what you are asking me, then I would need to start you off with a remedial econ 101 lesson. And I dunno if I have that much free time to devote to you.
The price of silver has dropped probably 19 percent this summer due to paper market manipulation ( futures shares trading unbacked by a physical asset ). One of the very few businesses that actually operates on as slim of a margin as farming . I somehow doubt though that coin dealers are expecting a govt bailout .
Last edited by oyarde; 08-15-2018 at 05:05 PM.
Do something Danke
Exactly, different kind of businesses operate differently, my guess u never ran the a business with slim profit margins and operated by borrowing money from banks. The problem I have is when u trying to insinuate that businesses using that type of funding are doing it wrong.
The problem comes when govt affect their business with stupid laws. A statist once said the same about minimum wage hikes, he told me that businesses that cannot make it with a small hike in the minimum wage deserves to go out of business.
Like mandating ethanol in gas?
Actually if you cannot survive a small hiccup it is doing it wrong , if it is something you care to keep doing . Most of the businesses I have run are very small profit margin . They just happened to be the types of things I was interested in . But that is why I profited and others do not .
Do something Danke
By the way . If I sell beans for 9.00 , 10.00 or not at all I am still good for next year . No bailout requested , I will though be OK with @Danke buying me a shot of 100 proof bourbon .
Do something Danke
I am not accustomed to effing around with minimum wage work of any type but if I were I would just pass the increase to the customer and tell them it is due to govt requirements and list any politicians on their ballot in the menu that caused the hamburger to cost more . Of course I do not believe in any minimum wage .
Do something Danke
Going into debt with OPM is not always a bad thing, but for many farmers it is because the collateral they have to put up is their land. Default, lose the farm and your children's inheritance.
My cousins have a farm that their grandfather and father grew in size by leasing land and saving until they could purchase. They did this strategy throughout the years while others bowered and went bust in lean times or when interest rates increased. Remember Farm Aid?
Pfizer Macht Frei!
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The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
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