We're supposed to keep posts here classic tweet-length, so 150 characters or less, so they aren't tldr.So here goes. Depression functions and evolved to reduce risky behavior, and an economic depression functions and exists as a necessary curative process in economic cycles to dissuade future frenzied risk-taking by punishing severely a period of preceding frenzied risk-taking, so people who experience the economic depression learn the lesson deeply. And letting a depression follow the 2008 crash rather than committing the US to the now mandatory multitrillion dollars bailouts that ensue each recession (lest it become a depression -- we haven't had a regular recession since 2001) would have been a better course to take in the long run.Yep, we avoided a depression, but our national finances look doomed as a result. And moral hazard runs amok threatening new meltdowns. And if we'd taken our sour medicine starting in 2008 we'd be emerging from the depression about now with clean finances, real prices (not artificially jiggered ones), a bunch of new business running better than the dinosaurs that led to 2008 and were saved instead of letting them go extinct when the comet they summoned hit us, and our politics would likely be more functional, since existential crises like economic depressions force a choice: unify and learn to cooperate, or continue infighting and fall apart. We should have let the banks and corporations dependent on their regular loans (rather than maintaining a good savings) just fail, like after 1929 and in every historical period before 2008, and now we'd be back in health and recovering strongly. Hard times make real men and all that. Wouldn't you rather be a real man? We wouldn't even have most of today's politics in its endless varieties if 2008 had been handled differently -- not handled, hence using the "hands off" laissez faire approach of ignoring the problem and letting the fire burn itself out.
>>522096286We might not even have incels and 19th wave feminism and trannies of 63 kinds (and growing, hence the + whenever a new type of queerness is identified) if we hadn't decided to bail out the banks and corporations.
>>522096286I have been programmed to appreciate a good effort post.However, if we fell into a depression in 2008 we would probably have been deprived of so many great Star Wars and Marvel movies, as well as Grokky AI
