the only thing you are wrong about is the "couple of years". this orgy of cheap money started under Greenspan in 2001 and went nuclear under Bernanke in 2008.

the only thing you are wrong about is the "couple of years". this orgy of cheap money started under Greenspan in 2001 and went nuclear under Bernanke in 2008. The tap has barely slowed ever since. It is, without a doubt, the largest transfer of resources from citizens to the upper class in human history, all designed to keep Wall Street afloat. It'd be hilarious if it wasn't so tragic.