Booms and Busts are normal right... right?

The FED has mandates, whether it be 2 or 3 I can't keep track anymore, but the overall gist of the FED even needing to exist at all was supposed to smooth out economic cycles.

However, I'd argue the opposite has happened.

The FED created bubbles and pops em on a fairly frequent timeline.

The problem isn't with the booms and busts though, the problem is with our global economy in general, one of constant growth...

The problem is that you can't grow forever.

This sums it up pretty well:

(Source: https://twitter.com/PlateLicker_21m/status/1527602686874492928/photo/1)

The world in general needs to transition from a consumption economy to a more sustainable economy.

And it needs to get rid of the FED and let markets work naturally.

There will still be booms and busts but not to the degree and frequency we are seeing now and we will be on a more sustainable path forward.