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ZIRP has created a lot of this madness across the tech landscape.

• alexmingoia 6y ago
  Yup. In a free market all lending would require having money, thus interest rates would be driven by a lending firm’s ability to successfully invest, which would allocate capital to ventures with better risk/reward profiles. Firms that lost most investments would go broke. But instead the central bank prints money to ensure solvency for lenders that would go bankrupt (fractional “reserve” banks).