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"Uber is an example of what happens when central banks attempt to ‘stimulate’ the economy through misguided central planning. By forcing down market prices and
by elmar 9y ago
"Uber is an example of what happens when central banks attempt to ‘stimulate’ the economy through misguided central planning. By forcing down market prices and essentially moving spending from the future into the present, they’re hoping to stimulate investment in general. But what they forget (or more likely, choose to ignore) is that these ‘investments’ are likely just bad investments."
Such a great quote
- noway421 9y agoThere's a likelihood to increase economy's output with spending though. If that's the goal then it's a good measure.
- SilasX 9y agoI agree with the general dynamic there, but the connection to Uber specifically is tenuous. Risk free interest rates of 0.1 vs 0.5% don't lead VCs to be more or less aggressive with creating and capturing new markets.
- elmar 9y agovery late stage investors are more sensible to interrest rates.