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Everyone has to start somewhere, but if you don't know what ZIRP stands for you just don't have the fundamentals/haven't taken enough interest in economics to participate in a conversation related to macroeconomics and posting grumpy comments out of ignorance won't help you. You're going to have to read up on it.

Although FWIW you probably aren't a bot, an AI would likely know all about ZIRP.


Yeah my knowledge of macroeconomics is lacking, can you recommend any books?


I recommend against books; they're expensive and typically the page count is too high for the number of ideas unless you are really interested in the academics of it. I get a lot more out of Wikipedia [0], blogs and YouTube (although the quality of information on YouTube is typically low).

That being said, if you want some recommendations I'd suggest Tyler Cowen [1] as a good clearinghouse for topical ideas and John Cochrane [2] as an interesting read. I picked an article from the last 7 days where you can see the ZIRP in the graphs, it is all the points where US Fed Funds rate was at 0.

[0] https://en.wikipedia.org/wiki/Zero_interest-rate_policy

[1] https://marginalrevolution.com/

[2] https://www.grumpy-economist.com/p/inflation-and-the-macroec...


It really wasn't, but it did assume the audience was familiar with a specific bit of discourse about, well, ZIRPs. In particular that when debt is super cheap, companies can afford to do a lot of things that would be stupid when capital comes at a higher price. Which generally seems to have been true about a lot of SV companies.




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