Why do I get the feeling that it will be just like the last time where all of the people who were acting irresponsibly will get bailed out while the taxpayer gets stuck with the bill?
Oh, very easy. Because the people who acted irresponsibly and the people who collect taxes are the same people, i.e. the federal government, so why they'd they do anything other than making taxpayers pay more?
You see, when neoKeynesian morons keep printing money to "stimulate the economy" they don't ever think where that deluge of money ends up going AFTER that one or two rounds of spending. Well, turns out, it pretty soon lands in hands of someone who does NOT live a hand-to-mouth lifestyle, and will be looking to invest it, rather than spend it. And right now, as we can see by the prices of gold, crypto, bond interest rates, stock market bubbles - people are DESPERATE looking for investment opportunities.
And what we're seeing is the effects of this nice pipeline, where the FED produces the deluge of money, it spins the economy once or twice, but in the end has pretty much nowhere else to go other than the stock market, pumping various bubbles. And make no mistake, if it wasn't AI it'd be something else, Web5.0, Virtual Reality, whichever pharma has the newest GLP1 agonist, literal tulips. All that pressure will pump SOMETHING, doesn't matter what.
But I'm sure the neoKeynesian morons who caused all of this already have some narrative on how it's all "cus of dem dam weeevil capitalist pigdogs".