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105 sats \ 0 replies \ @Undisciplined 3 Nov \ on: The start of the AI era or the end of the zero interest rate era? econ
@k00b had a post a long time ago about the end of ZIRP and what kinds of things might end with it.
When there's no risk-free return available to businesses, they'll continue employing marginally productive workers. When there is a risk-free return available, they shed their marginally productive workers.