My theory is better because it isn’t ignorant of the billionaire dynamics in play.
I'm not criticizing bloomberg, i'm criticizing you for posting paywalled links to support your position in an open discussion.
Given I'm bailing on this convo now because hackers news is a shite application getting in the way of people trying to talk, let me respond to our sibling thread with the closet thing my opinion has to evidence: https://fred.stlouisfed.org/graph/?g=smH. IMO we remain at an all time high of financial flimflammery as a portion of our GDP and there have been a number of recessions triggered by the financial sectors malfeasance during my lifetime because of it.
Yet, somehow, no journo covering the world's leakiest industry has been able to break this massive-if-true story.