This thread is hilarious. We cannot contain gorillas, they just chill at zoos and leave whenever they want to
Bad monetary policy, revolving doors leading capital cronyism, failed interference in the private sector, too big to fail, failure to control inflation, contributing to inflation, not raising the interest rates when n necessary for economic growth, contributing to economic downturns, al of the above. Take your pick.
Are you familiar with the financial panics that happened roughly once per decade during the 19th century and led to the creation of the Fed?
Yes I am. How are things any different now? It’s a natural part of the cycle for the market to take a nosedive every decade or so. In fact, we’re overdue for one now. Never fear though, we’re inching closer towards a recession soon.
Well, for one thing, we no longer have massive bank failures every 10 years with people just losing all the money they'd deposited in a split second with no hope of getting it back?