Every once in a while, a debate arises about whether or not a given government program — the Export-Import Bank, federal student loans, Quantitative Easing, or different kinds of bailouts — was profitable. These debates, unfortunately, are all basically nonsense.
Here's the thing about the federal government — it can print dollars, a highly profitable activity. You can't print dollars. I can't print dollars. Vox Media can't print dollars. The state of Tennessee can't print dollars. These are the kind of kind of entities that need to worry about whether their activities generate more dollars than they cost, because they need to worry about lack of dollars. Of course there are lots of things to worry about with loan guarantees and bailouts and other things, but profits and losses is never the issue.…VOX
It doesn't matter if government bailouts are profitable