How many times will the Fed screw up and do the wrong thing at the wrong time before people learn that any attempts to control a free market means it’s not a free market.
A free market will regulate itself. Screw up in a free market; you go out of business. Screw up in a government controlled market; you get rewarded with a bailout. It rewards bad behavior and encourages more bad behavior. It also results in financial malinvestment; wasting productive capital by throwing it at politically connected players.
“It’s OK”, reading some of the comments (maybe not from this thread...)
The (R) are just as happy to have a fiat currency to buy their votes (the same people that say “Keep your hands off *my* S.S.”). Why else not worry about having $120T+ in unfunded liabilities.
Whom else on the campaign trail has said ANYTHING about enslaving our progeny (as if they give 2 sh!ts about the Constitution, let alone a few spelled out Amendments)?