4 ms·
I do agree that low interest rates have helped fuel growth, but I'm not convinced that it's played that big of a role. If we look at Europe and Japan, despite
by reese_john 5y ago
I do agree that low interest rates have helped fuel growth, but I'm not convinced that it's played that big of a role.
If we look at Europe and Japan, despite the historically low interest rates, they haven't exactly been a beacon of innovation in the last decades. In fact, the US and China have eaten most of their market share.
This article on The Economist talks about that:
https://www.economist.com/briefing/2021/06/05/once-a-corporate-heavyweight-europe-is-now-an-also-ran-can-it-recover-its-footing https://www.economist.com/briefing/2021/06/05/once-a-corpora...
I think the US has cultural advantages when it comes to innovation and funding, and I don't see this changing anytime soon.
- rocgf 5y agoI think you are mistaking things because I didn't even mention growth. You're also saying that just because the US and China have done better than Europe, that means that QE has not had a measurable effect on the job market? I'm sorry, but it looks to me as if you're strawmanning becasue your reply is barely adjacent to the points I was trying to make.