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There's a lot of political ideology operative in this discussion that seems to me to be off the mark.
It didn't start under Obama. It didn't start under Bush, although it may have reached the end then.
Did it start under Clinton with the tech bubble... Reagan? How about Nixon and the gold standard? Shall we go back further?
The point is that no one made the masses leverage themselves out of control except the masses themselves. It's crowd behavior finally culminating in a bubble(s) of proportions we have not seen in some time.
The consequences are what they are.
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