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The zero interest rate comment has nothing to do with morality, it means that people were doing incredibly goofy, risky shit to get a return, which creates ripe
by ethanbond 3y ago
The zero interest rate comment has nothing to do with morality, it means that people were doing incredibly goofy, risky shit to get a return, which creates ripe ground for conmen and fraud.
- astrange 3y agoZIRP is somewhat overrated; the first dotcom bubble didn't have zero interest rates. But housing costs weren't as bad then as now, so maybe more room to mess up.