> The concern being voiced is that monetary policy is diverting resources away from people who are known to make good long term decisions and towards people who

> The concern being voiced is that monetary policy is diverting resources away from people who are known to make good long term decisions and towards people who have access to loans from the central bank. A very interesting statement. I'd like to understand this cash path. Can anyone describe the flow of cash from the central bank to Silicon Valley VC firm? How exactly does this work? Also do low central bank rates guarantee the kind of money losing VC investments we're seeing? Are their other central banks outside the US with low rates but no accompanying flurry of money-losing investments?