3 ms·

You are partially right, of course the individuals bear responsibility. But you also have to acknowledge that at a macro level every economic crises since 1999

You are partially right, of course the individuals bear responsibility. But you also have to acknowledge that at a macro level every economic crises since 1999 has been caused by central banks blowing bubbles. Including the recent VC bubble.

woodruffw 4y ago
In general, I’m skeptical of any sort of “look what you made me do” reasoning. Central banks can incentivize more or less risky market behavior, but they don’t strip investors’ autonomy. It takes a conscious effort to dump your money into patently fraudulent ventures.
- vba616 4y ago
  >In general, I’m skeptical of any sort of “look what you made me do” reasoning Sure, I would be too. But you're not conversing with the people who did it, are you?
  - woodruffw 4y ago
    Not sure what you mean; the GP’s comment is an example of this reasoning format.