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> We've been through multiple financial crisis and not been in the situation.

It's not as if any of those previous financial crises are comparable to what we're going through now though. These are very different times where we're coming out of unprecedented events. Maybe the Fed really is doing poorly, but I can't exactly remember a time in my life when everybody loved the Fed and what they were doing either. Is there some kind of golden age when everything was being handled correctly and we didn't have problems that we should be trying to go back to?




We had a bubble in 2008 (not new) and a pretty mild pandemic in 2020 (also not new).

In the early 20th century we fought two World Wars. The only thing unprecedented is the scale of the Fed’s operations these days.


If I remember correctly, I think my History textbooks are a bit longer than that. I suspect this comment might not contain all of the information!




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