US Federal Reserve raises interest rates for first time since 2018

Re:US Federal Reserve raises interest rates for first time s... by e4e78a06 on Wednesday March 16, 2022 @10:09PM (#30706784)

Never said TCJA or the Bush era tax cuts were used for good purposes :) but it's probably better for the country in the long run to have excess money flowing into tech VC funds rather than being spent on memecoins and shitty electronics. That way maybe 1% of the funds will have positive returns rather than all of it being set on fire.

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Re:US Federal Reserve raises interest rates for first time s... by CPLX on Wednesday March 16, 2022 @10:14PM (#30706828)

> better for the country in the long run to have excess money flowing into tech VC funds rather than being spent on memecoins and shitty electronics

Why

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Re:US Federal Reserve raises interest rates for first time s... by e4e78a06 on Wednesday March 16, 2022 @10:29PM (#30706949)

I'm just saying in the absence of any alternatives (which I'm sure there are), it's better to have 1% of trillions of dollars going towards advancing humanity and technology than 0%. I am fully aware that 99% of that money is going to be burned on WeWorks and the like.

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Re:US Federal Reserve raises interest rates for first time s... by lazide on Wednesday March 16, 2022 @11:41PM (#30707418)

Pretty sure at least 1% of the random shitcoin/memelord stuff went to advancing humanity too. Probably more.

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Re:US Federal Reserve raises interest rates for first time s... by CPLX on Thursday March 17, 2022 @08:06AM (#30710210)

Link to tech VC firm that has advanced humanity?

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