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>My point is that overreliance on monetary inflation as the single systemic driver is simplistic. Oh, but of course. I mean, it's crazy non linear system and w
by phillmv 13y ago
>My point is that overreliance on monetary inflation as the single systemic driver is simplistic.
Oh, but of course. I mean, it's crazy non linear system and we don't even know all the variables. Any cause in particular will be insufficient to account for the whole.
So, yeah, startups are doing so well because software is eating the world, but amidst all of the narratives most people go with rarely to people seem to consider the role that the economy is having on the industry. Of course it's non the single systemic driver, but it's certainly a catalyst if not a multiplier - and it's rarely discussed.
- jacques_chester 13y agoRarely discussed? I disagree. There is a strong contingent of mises.org followers hereabouts; every time anything vaguely related to economics or the SV bubble is discussed someone bursts in to breathlessly update us on Bernanke's dastardly doings.