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I agree with much of this. If we got the Fed out of the business of propping things up, the downturn would be quick and underperforming assets would change hand

I agree with much of this. If we got the Fed out of the business of propping things up, the downturn would be quick and underperforming assets would change hands and quickly be productively redeployed. Instead, Fed in partnership with government will prop this up and protect the incumbents/existing winners.

dragonwriter 4y ago
> If we got the Fed out of the business of propping things up, the downturn would be quick and underperforming assets would change hands and quickly be productively redeployed Interesting belief. Things like the Long Depression challenge it, though.
- reasonabl_human 4y ago
  Where do you folks go to learn on these macroeconomic topics?