Look back at expectations at the beginning, and you'll see that nearly everybody was predicting massive recession and even hyperinflation. Balaji bet $1M that there would be hyperinflation:
Yet that didn't happen. We dodged a major bullet, and survived far better than the rest of the world. We must look back at predictions and outcomes with clear eyes, not with the narratives that are being sold in the current day.
His quantitative easing and zero interest rate policy only saved asset managers and corporate balance sheets.