US Fed’s policy reversal stirs trouble in startup paradise

Photo: AFPPremium
Photo: AFP
4 min read . Updated: 18 Jul 2022, 12:59 AM ISTThe Wall Street Journal

New businesses that had little going for them except easy money now face a harsh moment of reckoning

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Greed, among its many attributes, also generates amnesia, forcing people to ignore past lessons in their uncompromising pursuit of wealth. Greed also invests the aphorism “history repeats itself" with renewed relevance every time a bust follows a boom. Greed also repeatedly demolishes, somewhat vicariously, the concept of humans as rational beings.

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