And, startups that die-off were just zombie companies anyway --- that’s good for the economy

(Thomas, Director of Research, Southwest Region at Stream Realty, “Will Tighter Monetary Policy Spell The End For Unprofitable Zombie Companies?,” pg online @ https://streamrealty.com/will-tighter-monetary-policy-spell-the-end-for-unprofitable-zombie-companies/ //um-ef)

Zombie firms may crowd out lending that would otherwise go to more productive uses, eroding the long-term strength of the United States economy and the U.S. workforce–whose skills and talents are better spent at a firm generating real economic value. It’s evident that Zombie companies also invite speculation, which was apparent during the SPACs boom and meme-stocks that thrived in a financial system flooded with trillions in Covid-related economic relief money. Millions of Americans may even own zombie companies and not know it. In fact, if you own an index fund, chances are a zombie company lurks within!