In the wake of the Lehman collapse, followed by Bear Stearns, it was a necessary evil for a few years. Then, they came up with Modern Monetary Theory when it didn't lead to massive inflation immediately. The mistake, I think, was institutionalizing QE with a monetary theory that was clearly wrong. Whereas, in 2000 during the dotcom collapse, the government could just blow another bubble--the real estate bubble that led to QE. Today, we have the "everything bubble," because it's about currency debasement rather than channeling money into particular market sectors. So the government made its debt worth less by inflating the currency. Everyone who understands market forces and math should have known axiomatically that this was coming at some point.Originally Posted by Peter1469Well, 2008 was 14 years ago. So you have some professionals in their mid-30s who still haven't been through a market meltdown. My first as an adult was 1987's stock market crash. Basically, the Fed doesn't really have a choice right now except to deliver a hard landing.Originally Posted by carolina73Samuel Bankman-Fried is going to be the government's effort to get into crypto to control it. The only one that's truly open source and decentralized is Bitcoin, from what I can see. Everything else seems to have some sort of scam or angle associated with it.Originally Posted by carolina73