> So there will be no will to rescue anything and a full on bank run can commence, destroying lots of wealth
How does this actually benefit anyone? It's not wealth redistribution.
> When will then take some of the extra money out of the real economy
But it wasn't real money in the real economy, it was fake money in a fake economy.
Admittedly some real money went in, and some came out again to buy stadium endorsements and superbowl adverts, but the main effect of this is to wreck the savings of (a) ordinary rubes and (b) over-optimistic VC firms. I can see why people want (b), but you can't separate it from (a).
How does this actually benefit anyone? It's not wealth redistribution.
> When will then take some of the extra money out of the real economy
But it wasn't real money in the real economy, it was fake money in a fake economy.
Admittedly some real money went in, and some came out again to buy stadium endorsements and superbowl adverts, but the main effect of this is to wreck the savings of (a) ordinary rubes and (b) over-optimistic VC firms. I can see why people want (b), but you can't separate it from (a).