After the crisis is over, they’ll just do the same thing again, inflate a new bubble, faster this time, which will once again explode, and bail it out again on

After the crisis is over, they’ll just do the same thing again, inflate a new bubble, faster this time, which will once again explode, and bail it out again on the backs of working Americans. There’s no learning curve at all. They think the problem is that they didn’t inflate the bubble fast enough and with enough leverage. But, this is probably what we should expect. It’s a repeated pattern throughout history that when things go wrong, leaders usually don’t try new approaches- instead they just keep doubling down on what they were doing before, thinking that the problem was that they just need to do whatever they were doing before, but more. It takes a total collapse, historically, for true behavioral change to occur. The whole society, like a drug addict, has to hit rock bottom.