Yeah. Raising the bar on how profitable a company has to be is the middle step here that connects raising interest rates to shittier stuff for us.

Before, in the era of free money, you just had to be good at looking shiny to stay afloat, and companies that didn’t look shiny got left behind. Now you have to be actually functional.

We’ve arrived at the future we were borrowing from for the last 15 years.

Did you know, the Nuclear Regulatory Commission’s only mandate is to ensure the safety of nuclear power, not to promote its implementation. Many regulatory bodies have a dual mandate to stop them from just shutting down what they’re supposed to regulate.