Do Higher Rates Actually Drive Progress?
Something ironic and seemingly paradoxical is happening in the world of capital investment. Just as money got expensive, with interest rates at their highest levels in 15 years, funds and companies are pouring unprecedented sums into massive infrastructure projects. Trillion-dollar investments in AI infrastructure. New chip factories. EV gigafactories. Energy infrastructure buildouts. VCs backing capital-intensive … More Do Higher Rates Actually Drive Progress?