That was a very good article! I really like how it clearly demonstrates how the Fed setting interest rates (price controls) and inflating the money supply modifies our behavior.
Fed price controls --> Artificially cheap loans --> More VC investment --> Growth over profit Big tech companies --> Artificially cheap products/services --> Consumerist millennial lifestyle
That was a very good article! I really like how it clearly demonstrates how the Fed setting interest rates (price controls) and inflating the money supply modifies our behavior.
Fed price controls --> Artificially cheap loans --> More VC investment --> Growth over profit Big tech companies --> Artificially cheap products/services --> Consumerist millennial lifestyle
The Fed basically made the consoomer meme possible https://miro.medium.com/max/2400/1*ArIXjva0LeqvVAGWTPAb0w.png