Cascade failure can be stopped, I’m just not sure humanity is ready to pay the price. So instead a few foolhardy people are going to put their hearts, minds and souls on the line. Because they believe in a better world. This has always been the way.
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One big difference is that at onset of the depression the fed actually raised rates. There was also no unlimited QE or fiscal stimulus. The fed can provide liquidity for as long as it needs. What I'm interested is whether systemic risk will be exposed by the crisis and response.
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