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I completely agree that 20+ years of cheap money have absolutely caused much of the complexity we see today. That's because people aren't working on problems th
by nathanaldensr 4y ago
I completely agree that 20+ years of cheap money have absolutely caused much of the complexity we see today. That's because people aren't working on problems that matter; instead, they're just trying to make VCs rich--effectively passing the buck on to the greater fool. I think this era is coming to an end, and we should see a drastic reduction in software development costs with the end of cheap debt.
- ogogmad 4y agoI hope I'm not being pedantic here, so please forgive me. Didn't interest rates go to zero after 2008? So that's 14 years. I guess 8 years before that there was also Dot Com. Are you talking about interest rates? Thanks. Even if you're wrong, it's an interesting theory.
- hotpotamus 4y agohttps://www.readmargins.com/p/zirp-explains-the-world https://www.readmargins.com/p/zirp-explains-the-world Is probably one of the better explainers.
- bsenftner 4y agoWe may see a strange hang over from this period: over the last 20 years we've created tech billionaires and tech trillionaire corporations - both entities that are not used to being told "no" and will spend their own money to extend this party that is their reality. Case in point: FB/Meta and their doomed Metaverse.