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by tempfs 1488 days ago
You can't halt a bank collapse, but you can postpone it and attempt to reduce the impact with inflation which is exactly what has happened.

Additionally, if you don't address the lack of regulation that allowed the collapses in 2008, which we absolutely did not, it will keep happening and those future occurrences will grow in severity. Since now, in order to 'make money', the frauds have to be bigger, faster, and more aggressive.
2 comments
king-geedorah 1488 days ago
What do you mean you can't halt a bank collapse? That's exactly what we did. There was a solvency issue when panic ensued after MBS's blew up and we were able to limit a domino effect of bank failures after moving fast to inject capital into the system.

Do you mean it in a philosophical sense similar to the idea that every company will eventually go bankrupt given enough time? Any major crisis is capable of bringing down banks, its inherently a feature of fractional reserve banking but the benefits have so far outweighed the risks.

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NovemberWhiskey 1488 days ago
>You can't halt a bank collapse, but you can postpone it and attempt to reduce the impact with inflation which is exactly what has happened.

What does that even mean?

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