ZIRP was never the root problem. The problem was: *too much money, too few conse...

		kibwen on Feb 10, 2024 \| parent \| context \| favorite \| on: Almost every infrastructure decision I endorse or ... ZIRP was never the root problem. The problem was: too much money, too few consequences for burning it. The existence of the uber-wealthy means that markets can no longer function efficiently. Every market remains irrational longer than anyone who's not uber-wealthy can remain solvent. Welcome to the new normal.

Now it's "fix it with AI". (And pay lip service to green tech.)