Oddbean new post about | logout
 Things are so messed up right now, there is no way to truly fix it that doesn't hurt.  All fixes will cause a crass/depression/recession as markets correct.

We have two choices.  We can keep doing things to prop up the markets and the money and then have a terrible crash and years/decades of pain or we can make fixes that cause short term pain, but cause improvement for the long term.  I prefer the latter, but can guarantee we'll get the former because people are stupid and are unwilling or unable to look past today's comfort.