Your regular reminder that everything is political economy & we do redistribution all the time, but we only clutch pearls about fairness & wring our hands about cost and moral hazard when it involves things like student loan debt relief. Totally fine when we do bank bailouts, tariffs, farm subsidies, tax cuts, mortgage interest deduction, etc. etc. etc.
(https://twitter.com/mcopelov/status/1582796981109665792?s=20).

Curious, don't you think?

https://www.bloomberg.com/news/articles/2023-03-10/summers-sees-no-systemic-risk-from-svb-if-depositors-protected