Libertarians are, and always have been, ridiculous. It's nothing more than Reagan-era deregulation. And just like trickle-down economics there is a mountain of

Libertarians are, and always have been, ridiculous. It's nothing more than Reagan-era deregulation. And just like trickle-down economics there is a mountain of evidence to show how ridiculous it is that gets ignored. Watch this space. The narrative ofn this will shift to how the FDIC's actions were unnecessary once the capital-owning class realizes they got hosed here. The depositors got paid, banks (through the FDIC insurance fund) paid for any shortfall and SVB shareholders were left holding the bag. We could tackle inflation with taxation. We certainly can't have that. So we're left with interest rates. Well, VCs like--even depend on--zero interest rates. So they don't like that either. But it's better than getting taxed. So Sacks, Calacanis, Elon and the like will chirp about this on the timeline and frame it as a government failure. These libertarians are really just conservatives. That too is self-serving ultimately. Don't lose sight of that.