No. of Recommendations: 3
The whole crisis creation theory would imply a level of forethought, competence and cooperation in the Fed, Treasury, and Administration that I find myself unable to believe in.


In all seriousness, it doesn't require competence or cooperation. It just requires regulators to do nothing to curb abuses in financial firms creating bogus money in a fiat money economy. Out of control lending will inevitably produce a "singularity", at which point draconian measures can be applied.

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