Cheap not only in nominal interest rate, but also in how careless lenders become. Startups like Uber strive on spending cheap money, driving down prices, with no hope whatsoever to repay their lenders / investors. This lowers nominal GDP. Encourages dishonesty too.https://twitter.com/Molson_Hart/status/1196975864115798017 …
Replying to @alphaberenga
Uber was good for consumers however. That was a positive byproduct.
5:05 PM - 21 Nov 2019
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