Low interest rates encourage investment in the whole economy, so it's misleading to claim that the tech boom in particular was caused by easy money. The government pulls a lever that effects the whole economy equally. It didn't funnel money directly to silicon valley vc's.
I didn't say that the tech boom in particular was caused by easy money. I said that the tech boom, as we see it right now, wouldn't exist without easy money. Other things wouldn't be the same either, of course.
Comments
Low interest rates encourage investment in the whole economy, so it's misleading to claim that the tech boom in particular was caused by easy money. The government pulls a lever that effects the whole economy equally. It didn't funnel money directly to silicon valley vc's.
I didn't say that the tech boom in particular was caused by easy money. I said that the tech boom, as we see it right now, wouldn't exist without easy money. Other things wouldn't be the same either, of course.