Discussion
What’s scary is that this happens every 10-15 years.
It’s not just a one time accident. It’s the natural recurrent consequence of a poorly conceived economic system.
Household wealth is transferred to bond holders over and over via the lumpy and opaque cycle of debasement funded bail outs.
It’s this even the best system for growth?
It’s like that water dumping bucket at the water park.
This time is different 😂