[johnnymorgan]

Oh I could tell you work in finance, that was obvious from the language usage and technical terminology.

I'm not going to write an essay to refute this, we shouldn't have to as the results are obvious, aka how's that Big Mac index doing on the 10y.

Do you know who Henry Duncan was, what his value prop was, and how/why it died?

The end game was inevitable, and very senior people were ignored in the 80s when the flaws where pointed out.

What you have stated here, I would argue it is the perception people have of what transpired, you saved the banks but are you really saying there was no cost, and if so where did the value generation come from and at who's expense?

We are talking about different points of view, and I do realize what I'm saying can be viewed as a critique of your value, and many more like you, however I'm not.

I understand, and agree with you, that like yourself many many people have been doing amazing work to keep the financial networks flowing.

The critique is with erosion of purchasing power of our store of value, the average person is not a wall street guy and didn't understand that Henry's value prop died in 1971 and how to store value completely changed.

| but am always surprised by the populist hot takes from folks so far removed from the system

Why are you surprised, serious question. The system isn't straight forward and there are elements that are just straight up dishonest, and unless you work in the industry you won't really understand all these things.

I would argue that the networks are designed this way now, versus how they used to work and this is where people's understanding of how it's supposed work, and the disconnect you see, derives from.