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by bitcoinbutter 2260 days ago
The stimulus packages seem more focused on ensuring that asset prices remain inflated. The idea that the average person will see any major impact from the S&P500 dropping to 2000 points is laughable.

How many people do you know that truly had their lives ruined by the 2008 crash? Allowing the markets to find a bottom and recover creates opportunities for social mobility.

The people who don't want asset prices to drop are rich people. They are the ones who own the assets.