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Getting Rich Quick (EP.285)

Animal Spirits Podcast

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The Unicorn Birth Rate Has Collapsed

In America, we are more prone to bubbles in doing dumb things. People can do dumb s*** when interest rates are not at zero percent. However, free money makes people do more dumb things. The unicorn birth rate has collapsed. And that according to Ben has nothing to do with interest rates going from zero to 5%. Total coincidence. It's almost always higher interest rates that causes a bubble to slow down.

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