That sounds about right... But if we want to get to the root cause, we'd have to look at the design of the monetary system and the last decade of monetary polic

That sounds about right... But if we want to get to the root cause, we'd have to look at the design of the monetary system and the last decade of monetary policy. Never in history have there been so many market oligopolies; and it coincided with a transition to a global soft money standard as global fiat currencies became increasingly more decoupled from gold. Before, a dollar could be exchanged for a certain fixed amount of gold; this had clear and objective economic value. Nowadays, money is decoupled from any hard/objective economic value. Today, banks issue credit proportionally to asset prices which are themselves determined by how much new credit enters the system... A vicious cycle which forces banks to keep loading new generations with more credit at a steadily increasing pace to avoid bursting bubbles.