[Clubber]

>But without looking anything up, it seems like this time we’ve built up a bigger free-money cliff to fall off of

I agree. This is a good video on it from Frontline.

https://www.youtube.com/watch?v=EpMLAQbSYAw

They argue the free money has been going on since 2008, but I would argue it's been going on since 2001. Lowering interest rates is what the Fed did to combat the dot bomb.

https://www.macrotrends.net/2015/fed-funds-rate-historical-c...