As long as mommy and daddy keep fixing things, the lessons will not be learned and will continue repeating.
When you get in a way of natural efficiency mechanisms you are only delaying and amplifying the pain of the future.
I don't support letting people get hurt to make a point about fractional reserve banking or bitcoin.
Discussion
What is particularly risky about FRB's balance sheet that set it apart from literally 100% of all other banks in the US? Other than the fact their customers are in a coordinated panic based on some rumors they read on the internet that we're amplified by SVB's collapse?
It’s always do gooders who destroy a civilisation
We have this wonderful evolutionary mechanism called natural selection. It’s efficient and does what needs to be done, eliminates the mistakes and gets better over time. Things work out in the long run. But no, here comes human with interventions and “protections”, disrupting what has worked for billions of years, thinking we know better.
Surprise mothafucka, we don’t. Get out of the way and let nature do it’s thing. Things must fail if the whole is to improve.
