alt Hacker News> As financial markets get tighter ...
They never really get tight very long: the various states are way too busy flooding the world with endless money printing to kick the can of the public debt always further.
Covid financial crash? We went to new highs. 2022 tech flash crash (Meta and Netflix did -75% for example): we then went to new highs.
The only way for governments who ever spend way more than they bring in taxpayer dollars is to de-valuate the currency.
So "financial markets getting tighter": probably won't last.
As you said yourself: Quantitative easing did not solve anything. We keep kicking the can down the road, and the problems grow exponentially every time. This approach won’t work forever. In fact, we may be past the tipping point already.