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Bailout culture is a relatively recent phenomenon—up until the 1970s America believed private companies should not be bailed out, and proposals to do so met fierce resistance in Washington and Congress.

factualpending

Speaker

Ruchir Sharma

Evidence Quote

“right up until the 1970s America believed that private sector companies are not meant to be bailed out...when the first attempts at bailout happened in the 1970s there was a lot of resistance”

Source

The real impact of growing budget deficits - Ruchir Sharma— Norges Bank Investment Management
Created: 8/11/2026, 8:01:53 AM

My Notes

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