Fifteen years back, when a couple of economists pitched the idea of taking loans to invest in stocks, critics went ballistic—'absolutely not, don't even think about it.' Fast forward to today? It's basically frictionless. You can borrow at a tap, jump into positions with minimal friction. The guardrails have eroded, risk appetite has shifted dramatically, and retail traders treat leverage like it's just another Tuesday. What changed—the underlying fundamentals, or just our collective appetite for danger? The easier access to borrowed capital means more people are playing with fire, often without fully grasping the burn potential. It's a mirror of how margin trading and leveraged positions have become normalized in markets nobody thought would move this way.