If they’d just let the graphics card bubble pop with crypto, by now we’d be in the recovery stage and regulating digital securities.

But that would require admitting to irrationality in the financial system and putting in the work to fix it, which would be mildly embarrassing. So instead, the bourgeoisie have chosen the maximally embarrassing thing of being delusional about a crummy computer program.

And the bubble is now so big, the pop won’t be a normal boom-bust. I half suspect its gonna end the dollar as reserve currency.