That's because few, if any, were being taught the fundamentals, and they also have not been taught to have a discerning eye, especially when identifying and using information, when its in fact propaganda.
I'm far more concerned about the permanent 0% depository requirements change at the Fed far more than people not seeing the end of 0% rates.
What use is all that history and education around understanding the mechanics of fractional reserve banking when a small group of people make a fundamental and permanent change without announcement like that?
There is nothing more permanent than a temporary solution in government as was evidenced that no change has been made reverting that in 2 years, and QE printing continued for a decade after the previous financial contagion.
I'm far more concerned about the permanent 0% depository requirements change at the Fed far more than people not seeing the end of 0% rates.
What use is all that history and education around understanding the mechanics of fractional reserve banking when a small group of people make a fundamental and permanent change without announcement like that?
There is nothing more permanent than a temporary solution in government as was evidenced that no change has been made reverting that in 2 years, and QE printing continued for a decade after the previous financial contagion.