The Fed's actions in 2021 were not a rounding error. They poured huge amounts of fuel on an already raging fire. Not just by maintaining zero rates when inflati

The Fed's actions in 2021 were not a rounding error. They poured huge amounts of fuel on an already raging fire. Not just by maintaining zero rates when inflation was out of control, but by continuing to expand their balance sheets aggressively for a long time after it was clear they should have stopped. The effects will take a long time to subside and they will have to go much, much further than they ever would have to reverse it. 2021 was just a footnote though, to the decade plus of ZIRP and QE that they've kept going since 2008. The speculative mania, the bank collapses, etc, are only happening now because nobody in this whole generation believed the Fed would ever even try and do their job, given their track record of kicking the can down the road.