Lattice might be an actual instance of a business whose growth was commensurate with demand ("revenue has grown by five times since the start of the pandemic"),

Lattice might be an actual instance of a business whose growth was commensurate with demand ("revenue has grown by five times since the start of the pandemic"), but you'd have to imagine that a lot of other tech companies grew for the sake of growth enabled by ZIRP and pandemic hype for tech. There were a lot of valuations based on unrealistic future projections that seemed untethered to reality. Maybe Lattice did the right thing, given the circumstances, but surely not all of the other headcount-exploding companies did. It seems like a copout to blame it all on ZIRP going away and not actual corporate leadership. And yes I understand fiscal environments might compel said leadership to pursue that path, either as a game theory thing or because boards and investors agitate for it. But it still seems wrong to blame it all on the Fed and not bear any responsibility.