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> Central bankers created a gigantic misallocation of resources - as they have always done since the dawn of time. Lmao, we came out of a once-in-a-century pan
by hahaxdxd123 4y ago
> Central bankers created a gigantic misallocation of resources - as they have always done since the dawn of time.
Lmao, we came out of a once-in-a-century pandemic with nothing more than a couple scratches and minor inflation and you find a way to complain? The real misallocation would have been seeing profitable, healthy businesses die in the months following March 2020 - has everyone just forgotten the mass panic until the Fed stepped in? A couple overconfident hedge funds and bad SPACs who have already been brought back down to earth is a very small price to pay (I paid very little since I did not invest in meme stonks).
- riku_iki 4y ago> than a couple scratches and minor inflation and you find a way to complain? it had very big bill attached: +6T national debt, and maybe several dozens T funneled through cheap loans with twice inflated stocks and real estate, rich became much richer, and poor are screwed dramatically in exchange to $600 stimulus check.