I think this has only been the case for the dark ages after the Great Recession where we were stuck at zero percent interest. Zero percent interest breaks a lot

I think this has only been the case for the dark ages after the Great Recession where we were stuck at zero percent interest. Zero percent interest breaks a lot of the economy because it means there is basically nothing prudent you can do with your cash, it either wastes away to inflation or you have to gamble with it. So everyone started gambling, and one manifestation of this was a surge of very questionable VC-backed companies with no real business model. If the US will use fiscal policy to err on the side of over-stimulating rather than under-stimulating going forward, as it has in the COVID aftermath, we can keep the natural rate of interest positive and the whole economy (including VC) will be a lot healthier.