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Scale Ruins Everything

(coldwaters.substack.com)
175 points drc500free | 1 comments | 14 Oct 24 17:34 UTC | HN request time: 0.215s | source
1. robertlagrant ◴[15 Oct 24 16:04 UTC] No.41849988[source]▶
> The bump in interest rates has cooled things down

This is the actual issue. When ZIRP was introduced (and then RE-introduced, sigh), it makes money appear to be worth almost nothing. Which means everything looks valuable.