Anyway, here’s what I want to say to the moths:
If the Fed and the government don’t genuinely try to control inflation—hiding behind excuses about employment—
then a 90% stock market crash like the one after the 1929 Great Depression could very well happen again.
But if the Fed and the government abandon their obsession with stuffing stock traders’ wallets (the so‑called “wealth effect”),
then paradoxically, stock prices would actually follow a more stable, healthy trajectory.
The current U.S. stock market would shift from being a casino back into a real, functioning capital market.