Comment by antonvs
17 days ago
> Repeating the same mistakes as before (2000).
The issue is that every company in a position to do so is trying to stake a claim in a new market. Not every company will win. No-one has a surefire way of identifying "mistakes" ahead of time.
What alternative do you think would work better, short of central planning?
Interest rates have been comically low for way too long. This alone would change a lot, favoring labor over capital and more sustainable growth.
Had been**. Still low, but we aren't laughing anymore. https://www.macrotrends.net/2015/fed-funds-rate-historical-c...
Do high interest rates not, by definition, favor capital over labor?