Dear author. We need to talk. Please review the last several decades and you will see stronger economic growth occurring when interest rates were higher than they are today. The ZIRP era brought us useless innovations like Bored Ape NFTs. But it also led to world-changing innovation, says @karlbykarlsmith via @opinion Truly promising innovations will attract capital. They always do. And with higher rates, they won’t have to compete with all those idiotic “innovations” that have been able to attract investment dollars because of ZIRP.