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Venkatesh Rao ☀️
@vgr
Wonder what I’d have turned out like in a non-ZIRPy 2010s. Probably homeless. I suspect I have no survival skills for a world above ~10% interest rate.
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Ike
@iw
Thats an interesting thought experiment... what does a world where 10% (nearly double today's) interest look like? - more underground/under the table biz transactions - more illicit products and services - more cash-only or 7 day payment terms - thriving biz's have ultra short payback periods, cash conversion cycles
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