| ▲ | delecti 2 hours ago | |
> how much of this order of magnitude jump since “unicorn” got coined can be directly attributed to USD inflation? "Inflation" is probably not quite the right term, or maybe it implies too broad or too narrow of a phenomenon. I think we're experiencing the result of decades of taxes being too low on the rich, so there's too much money chasing too little actual real productivity growth. The Buffett indicator keeps ticking higher and higher, because the rich have too much money. It's gotta go somewhere, so everything is turning into tulips. | ||