ZIRP->AI/enshitification is the one-two punch combo that I think is going to devastate our economy for 50 years or more. We have an entire generation of executives, financiers and government that have only ever operated in an era of free money.

They've never had to generate a real return, create a product of real value, etc. This wave-of/gamble-on AI slop just shows that they don't even know what value looks like. We've operated for ~40 years on a promise of...something.