I like how this St Louis Fed post blames people for banks’ failings.
Flip it around. Banks irresponsibly created way more claims for gold than they had gold, kept defaulting, and lost trust. So the government made gold illegal to own for like 40 years.
There was no “shortage” of gold in the Great Depression. There was an excessive amount of fraudulent promises for gold, made by commercial banks and central banks.
https://www.stlouisfed.org/open-vault/2017/november/why-us-no-longer-follows-gold-standard
Sociopaths come in a full spectrum
Although they all lack empathy for the victims of their actions/words, they are not all serial killers.
Many become politicians, bankers or even CEOs. The latter group mostly avoid incarceration and seem to be able to convince themselves that if they say something often enough it’s a verifiable truth.
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