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 though the costs weren't any less severe. We have certainly had our share of state takeover of non-public debts. The bailouts of 2008-2009 moved private debt towards the general public. More surreptitiously, the unofficial financial arm for the government (the Fed), has undertaken a massive acquisition of public and debt since 2008 towards the tune of trillions. High of the private debt is with the form of home home mortgages. This Fed action does not allow rational pricing in market trends and will distort markets.
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