Part 4/8:
Historically, Martinson points out that prior crises only saw temporary bumps in debt levels, typically followed by bailout measures which shielded the financial elite but imposed burdens on the working class. Notably, he spotlights how, post-Great Financial Crisis of 2008, the Federal Reserve engaged in extensive money printing as a means of bandaging the deep wounds of financial crisis—a practice he believes will not be sustainable in the long run.