Yahoo! Finance reprinted the article ‘Black Swan’ author Nassim Taleb says years of zero interest rates destroyed the economic structure and created ‘tumors like bitcoin’.
“At zero interest rates … for long periods of time, you are hurting the economy. You’re creating bubbles, creating tumors like bitcoin, creating hedge funds that should not exist but have existed for 15 years,” said the former options trader whose New York Times bestseller focuses on understanding extreme and unpredictable events.
This is why I am such a fan of Taleb.