The Fed kinda used up all of their ammunition to get out of the GFC and keep this facade afloat.
Not to say they can't make up some new mechanism but I suspect the next crash is going to dwarf the GFC. Too many cascading events. A lot of regular people's money is tied up in this shit.
It's so depressing when one learns that our car-centric "culture" (and most US "culture") was manufactured by ad agencies. It didn't HAVE to be like this.
The Fed kinda used up all of their ammunition to get out of the GFC and keep this facade afloat.
Not to say they can't make up some new mechanism but I suspect the next crash is going to dwarf the GFC. Too many cascading events. A lot of regular people's money is tied up in this shit.