have to wonder if it's by design, a happy coincidence, or a bit of both

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Has to be by design.

The fiat empire needs a steady stream of emergencies and scapegoats to distract from the root problem of modern civilization: theft via $ printing.

Emergencies have always been used to justify the implementation of policies and to cover mistakes. I think we are so far down the death spiral, that they have to do it so often now, that it becomes so obvious to even the most casual observer.

to the point that the most casual observer has to ask, "what's the big deal though?"

Spot on.