backstop

He most recently delivered decently on a two-year, $12-million deal with the Astros and could land a similar contract because of the scarcity of backstops.

But some economists believe these central-bank backstops create a “moral hazard” for governments, reducing their need to run balanced budgets or deal with mounting debts.

But here’s the beautiful irony: The solution to “private crypto company becomes systemically important” is to wrap it in so much regulation and government backstop that it becomes de facto nationalized.

To brace for the possibility of a longer-than-expected shutdown, consumers using hardship programs may need to look into secondary resources that can provide a “backstop,” he said.

Milei’s radical economic changes are now more likely to get a strong U.S. backstop.