Thailand: World s First Bitcoin Ban
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We went into debt though less for projects and more towards entitlements. Our wars were less against countries and more towards combating terrorism although the costs weren't any less substantive. We have certainly had our share of state takeover of private debts. The bailouts of 2008-2009 moved private debt towards the public. More surreptitiously, the unofficial financial arm among the government (the Fed), has undertaken huge acquisition of public and personal debt since 2008 to your tune of trillions. The majority of the private debt elevates the form of home home loans. This Fed action does not allow rational pricing in this marketplace and can distort sector.
