ralfy
Gold Member
- Feb 26, 2015
- 1,008
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What?
Credit has been easy to create, and the stock markets are part of it.
That hasn't changed in a long time. So what?
It started changing during the early 1980s.
It started changing during the early 1980s.
How do you feel it changed? Be specific.
Why does it matter?
It changed due to deregulation starting in the 1980s, with significant amounts created only during the last fifteen years or so. It matters because only a trillion dollars of that from subprime lending was enough to cause cascading crashes worldwide from 2008 to only recently.