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I would argue that tech boomed because the (broader) economy was bad. The Fed interest rate was ~0% from 2009 through 2016, due to the long shadow of the Great
by cipheredStones 3y ago
I would argue that tech boomed because the (broader) economy was bad. The Fed interest rate was ~0% from 2009 through 2016, due to the long shadow of the Great Recession, and then again from March 2020 to early 2022. That made investors look for unlikely bets on long time horizons, which fueled VCs and big tech, which created the industry we know today.