Why Governments Shouldn't Be Bankrupted

The way it should work is that if for example the government decided, hey, housing for low income people in the United States, no one was provided so we're going to provide it because there's no attractive returns. That's a responsible government. So I say that governments should be taking losses in those areas. And I'm saying that they should only invest in providing enough services such as the sum effect of the losses doesn't bankrupt their balance sheet. Now you could be arguing and saying, but that's not true, Michael. Think about things like Emirates," he says.