[cloutchaser]

You are partially right, of course the individuals bear responsibility. But you also have to acknowledge that at a macro level every economic crises since 1999 has been caused by central banks blowing bubbles. Including the recent VC bubble.

[woodruffw]

In general, I’m skeptical of any sort of “look what you made me do” reasoning. Central banks can incentivize more or less risky market behavior, but they don’t strip investors’ autonomy. It takes a conscious effort to dump your money into patently fraudulent ventures.

[vba616]

>In general, I’m skeptical of any sort of “look what you made me do” reasoning

Sure, I would be too. But you're not conversing with the people who did it, are you?

[woodruffw]

Not sure what you mean; the GP’s comment is an example of this reasoning format.