If certain (pretty evil) people's actions don't make sense to you, it's usually because they're not maximizing the task you THINK THEY ARE.
Dr. Fauci was _very_ good at his job -- it just wasn't the job you thought it was.
Similarly,
"The Fed and US Treasury aren’t incompetent, they just don’t work for you."
https://thebitcoinlayer.substack.com/p/rich-in-the-70s-is-poor-in-2023
Plan accordingly.