I hardly find anything surprising. Since the gold standard was dropped (a very conservative and rather stupid system in my opinion), money printing and further lending it became the norm. Next - kaboom - we have a wave of bankruptcies, i.e. 'a fresh start'. Then the next big cycle starts, and so on...
That's how our modern monetary system functions. Nothing new, except for the magnitude - every next bubble is bigger.
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I hardly find anything surprising. Since the gold standard was dropped (a very conservative and rather stupid system in my opinion), money printing and further lending it became the norm. Next - kaboom - we have a wave of bankruptcies, i.e. 'a fresh start'. Then the next big cycle starts, and so on... That's how our modern monetary system functions. Nothing new, except for the magnitude - every next bubble is bigger.