Ann: Assays Confirm Drilling Success at Sorby Hills, page-184

I never mentioned the GFC or dot comm bubble. You're creating a straw man.

With the COVID crash last year, imagine what society/economy would be like if the Fed had not intervened.

An entire generation of retirees would have lost their nest eggs and entered abject poverty. The poorest and most vulnerable members of society (e.g., casual workers and employees with low job security, people with limited savings, disabled people, etc) would be out of work, on the streets and in the breadline. Massive layoffs and permanent closures of small to medium (i.e. 'mom and pop') businesses. Much much greater increases in wealth disparity than we're currently seeing. Probably also massive societal upheaval and civic unrest (i.e., as happened during the Great Depression)

Policy makers in the Fed (who are actually far more intelligent, informed and educated than you) foresaw this. Every intelligent economist and serious thinker foresaw this. The course of action they took was the least worst policy option available. Easy for you to criticise from your sofa in suburban Australia based on whatever social media tweets that you spent five minutes reading, but your opinion is facile and cannot be taken seriously.