/biz/ - Business & Finance

Remember when the fed was the lender of last resort, over and over and over again for the last hundred years?
They won’t be doing that for crypto banks though.

“ Norbert J. Michel, a financial researcher, goes as far as saying that the Federal Reserve made the Great Depression worse by failing to fulfil its role of lender of last resort, a view shared amongst others by Milton Friedman. Critics like Michel nevertheless applaud the Fed's role as LLR in the crisis of 1987, and in that following 9/11, (though concerns about moral hazard resulting were certainly expressed at the time).”

>>53715787
>he cracked the case

>>53573414
This is why they didn’t shoot down the Chinese balloon
It was always about getting more money for new weapons
>chinese balloon over america, everyone freaking out, why don’t they shoot it down
>us militarily: look at this new weapon that we copied from the 1920’s, please give us more tax payer money to develop new weapons
I fucking knew there was a reason the news was pushing this stuff on normies

>>53414977
>high iq response
Gets ignored
It’s all theater designed to distract us