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
Even the few that make it subsidize their good or service through large infusions of newly-printed money, eschewing profits for the prospect of growth. Losing money to add customers is a constant tradeoff, with the hopes of being able to price out competitors to eventually become monopolies. They all hope to graduate to stock market darlings like Tesla, Amazon or Alphabet.
This is just report from dollar cantillionare. Outside of US some millennial may be already living through 3-4th economic crisis not to say about political crisises or actual non democratic state.
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
As opposed to every other generation who behave so different from this meme
Good continuation from Jimmy Song's article, -Like Altcoins, Startups Are New Money Magnets:
This is just report from dollar cantillionare. Outside of US some millennial may be already living through 3-4th economic crisis not to say about political crisises or actual non democratic state.
They are to blame though https://twitter.com/cwt_news/status/1548015427556503553
there is a changing tide...this would never have been published prior to price inflation prints