And it was needed

my state’s mandating that people pay for drivers’ insurance doesn’t cause a huge increase in drivers insurance costs and payouts

What?

dude I'm telling you it can't be compared

it's what it is

A regulation that caused a crash

I’d actually agree with you that the Fed’s interest rates were at least a percent too low from 2003-2007.

not a percent, far too low

We don't even know how low because the market should control the rates

They were made based on a mistaken growth target.

it's central planning inefficiencies

These rates were as low as that under Obama for his whole 2 terms

A recession might happen

But that causes self-reinforcing positive feedback loops like the periodic panics and depressions of the 1800s that caused huge market volatility and made it hard for businesses to expand

due to cheap credit

Of course raising interest rates fast is also a problem

There was no cheap credit in the 1800s

it's what caused the 20-21 recession

There was

I listed it above

however there was cheap credit before the 20-21 recession aswell

It's why the business cycle exists, infact under a capitalist system a recession wouldn't even occur

What

the Business cycle is completely artifical

and so are recessions

That’s just pie-in-the-sky idealism

It’s like saying communism would work perfectly

Or any system would work perfectly

No it wouldn't because you can't surpress markets

You can’t avoid market fluctuations and downturns

You can

because they don't exisst

What

the whole reason the boom and bust cycle exists is due to cheap credit and interest rates manipulations by central planners

or it wouldn't exist

You’re going against basically all of any economic theory ever in history.

No

There *was* no central bank in America for much of the 1800s.

Austrian economists agree with me

there was a treasury and legislation

and there was central banks