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The difference is that fires predictable, and you can have controlled wildfires. There's no such thing as a controlled financial collapse. I agree that the fed
by Aunche 5y ago
The difference is that fires predictable, and you can have controlled wildfires. There's no such thing as a controlled financial collapse. I agree that the fed intervened too heavily during the pandemic, but I think that 2008 struck the correct balance of intervention. Several financial institutions went bankrupt and most others lost over 90% of their market cap.