Homogeneity leads to effecency and hedrogeneity leads to resiliance. The stability the fed provides allows them to do what they want in hugely optimized and com

Homogeneity leads to effecency and hedrogeneity leads to resiliance. The stability the fed provides allows them to do what they want in hugely optimized and complex ways, it just turns out what they want to do doesn't align with the interests of the population sometimes. I don't think they would be any less likely to do what they are doing they would just do it less effecently. The fed doesn't want to use the stick anymore, and business gets a carrot when it throws a tantrum. The insentives are perverse.