5 ms·
totally the opposite! i can't think of one region that has benefited more from the Fed's policy of moving us to a bubble-based economy. the economic model of si
by unrealwh 18y ago
totally the opposite! i can't think of one region that has benefited more from the Fed's policy of moving us to a bubble-based economy. the economic model of silicon valley in the last two decades has been predicated on transferring massive amounts of wealth from speculators to equity holders. normally this is a get-rich-slowly model. the Fed turned it into a get-rich-in-two-years model.