Its the Fed that is authoring one crisis after another.

In chart form….
The best evidence of what you are talking about?
The praise heaped on the Fed for saving us! Its the Fed that is authoring one crisis after another. Note also that the crises and imbalances are constantly getting bigger, not smaller! pic.twitter.com/1uvJa88zbF

— Peter Schmidt (The 92ers) (@The92ers) May 16, 2021

https://twitter.com/NorthmanTrader/status/1393642082674298884

https://twitter.com/NorthmanTrader/status/1393906594254135302

I hear all the time that we can sustain higher debt levels because interest rates are low. I don't get it! Our central banks are keeping rates low, which is why their balance sheets are rising. So this debt sustainability point boils down to fiscal dominance of monetary policy… pic.twitter.com/sm5WBOpAPN

— Robin Brooks (@robin_j_brooks) May 16, 2021