“Revenue-Positive” Fiscal StimulusGive a too-big-to-fail financial institution $1 of taxpayer money, and what do they do with it? As best I can tell, one of two things: 1) lend it back to the government for (risk-free) interest; or 2) borrow $10 more against it, then bet all $11 in the credit derivatives market. Of course,...Read More