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2min chapter
Age of Easy Money (Full-length Film Audio Track)
The FRONTLINE Dispatch
The Fed's Low Interest Rates and the Rise of Silicon Valley
The Fed's low interest rates had been incentivizing public companies to take on more and more debt. Companies were often borrowing money to buy back their own stock. Airbnb is now valued at $10 billion more than big hotel chains including Hyatt and Windom. The Fed's policies had also been fueling a frenzy in Silicon Valley.
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