The government loves asset bubbles. They create retarded amounts of spending (i.e. tax receipts) and capital gains, all based on hopium. It's deflation events like recessions the government doesn't want; no one's spending and the collateral is underwater, if not worthless.
The government loves asset bubbles. They create retarded amounts of spending (i.e. tax receipts) and capital gains, all based on hopium. It's deflation events like recessions the government doesn't want; no one's spending and the collateral is underwater, if not worthless.