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You mean... Just like they do now?

The late 80's, early 90's, early Oughts, late Oughts, Pandemic, now...

Hell, If there's been one constant in my life it seems to be financial crises every 5-10 years. All the Fed seems to do is magic in new money to inflate asset bubbles some more.



That’s not consistent with the historical record.

https://www.calculatedriskblog.com/2016/01/bank-failures-by-...


Bank failures are not the only form of financial crisis.

https://en.m.wikipedia.org/wiki/Financial_crisis

Humans and finance man. It's like giving a bunch of addicts a suitcase full of coke them locking the door and slowly walking away.


And yet finance is what has built the modern world and of human progress.


...Arguably, agriculture, the printing press, electricity, germ theory, widespread access to education, and eventually lots of meth has helped significantly more in that regard.

Finance is one of those things like sex and murder. It'll always be there, no matter what state you're in, or what trajectory you're going, and it's always extolling how it alone is responsible for how great your life is. It's humanity's background noise.

And while the Finance people are yammering in the corner, bored farmers are building rockets, discovering vaccines, inventing television, harnessing the internal combustion engine...

Nah. Finance is bs and pageantry, and the inevitable excuse we settle on for why the hell we got up and did something that needed to get done. End of story.

Dollars don't mend broken bones. People do. Then some finance guy shows up and says "you should put a price tag on that" and it all goes downhill from there.




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