Even if the Fed finally delivers the tapering and starts raising rates, it won’t get any further than it did back in the last anemic rate hike (2015–18) and tiny balance sheet shrinking (2017–19) cycles.
Today, it’s easy for socialists to point to the Interstate Highway System and exclaim, "Look at what we socialists did to facilitate transportation." They're careful to always ignore the unseen downside.
The expert class embraced the failed "zero covid" plan early, claiming that covid would be eradicated if only we "lock down harder." This later morphed into "covid will be eradicated with more vaccines."