After what we have observed with assets flying to astronomical levels when a worldwide pandemic hit against all common sense, it is amazing that this mantra sti

After what we have observed with assets flying to astronomical levels when a worldwide pandemic hit against all common sense, it is amazing that this mantra still exists. My observation is that many people do not respect history, and they only think in terms of how markets behaved during their small lifetime. For example, the Fed dominating markets with a foolish policy of bailing out the poor performers and flooding the market with cheap money and waterfalls of debt has been done by governments in history with catastrophic results.