8 ms·

For as long as I can remember, there has been a vocal group of doomsayers predicting financial catastrophe. Powell's speech is like catnip to that group.

• scotuswroteus 4y ago
  Were you born in 2009? Because if your memory worked in 2008, you'll recall that massive government bailouts were required to prevent full on collapse: the doom you dismiss as though anyone fearing it is no less in control of their critical faculties than a household pet. That happened less than twenty years ago.
  • newaccount2021 4y ago
  • AndyNemmity 4y ago
    Massive Government Bailouts may or may not have been required, however they occurred.
  • aluminussoma 4y ago
    I was probably born long before you. And you are twisting my words.
  • boppo1 4y ago
    >massive government bailouts were required to prevent full on collapse *allegedly. We have no data on what would have happened if we'd let the banks fail, put their C-suites in jail and used bailout money as a safety net.