Exactly, and just to drive it home, I’m going to feel zero pain as a result of SVB imploding, Thanks to the fed.
I felt no pain in ‘08, in ‘20, also thanks to the fed. It was just news to me, abstract and happening to other people. That would not have been true without the fed.
I do wish we could get beyond the idea of "I don't like this system, get rid of it."
It's not realistic in a society this size to just chuck something like the Federal Reserve.
You'd think technologists of all people would understand that to get rid of a legacy system you need to make something so much better it becomes obsolete (or, at the very least, the embrace-extend-extinguish approach).
I felt no pain in ‘08, in ‘20, also thanks to the fed. It was just news to me, abstract and happening to other people. That would not have been true without the fed.