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NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero
Bankless
What's the Incentive of Central Banks and Regulators?
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If the entire system is going bust, and you have been handed a flaming bag of dog poop, how do they stick it with somebody without getting blamed? The only defense I can make is while certainly the mismanagement of the last few years has been historical, the debts of the SUV are building up for a long time. So there's always incentive to kick the can. And by the way, this is just the most extreme version of something that's always happened, where often regulators cause a problem and then it blows up in public. Then what happens is more failure, more funding. Every, you know, it has an incentive to either cause or turn something into a crisis because then it
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