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The end of ZIRP is necessary for us to return to economic reality. As Henry Hazlitt explains in "Economics in One Lesson," proper capital allocation is fundamental to a healthy economy. During the ZIRP era, market signals were distorted, which led companies to invest in frivolous projects, creating enormous bureaucracies and god knows how many bullshit jobs. Real economic growth requires solving meaningful problems, which in turn creates genuinely meaningful work for us techies. So, I guess it's good that "good times" are over.


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