Forgive me, but I don't understand your point. Is it that it's so easy to borrow money that there's no need to sift good ideas from bad? And if so, that seems like it would result in more bad ideas being funded, not fewer good ideas.
Yet the paper claims to present evidence to the contrary (sort of; they're talking about innovation gains, not "ideas")--that the cost of gains is increasing. I don't see how that would arise from low interest rates?
Yet the paper claims to present evidence to the contrary (sort of; they're talking about innovation gains, not "ideas")--that the cost of gains is increasing. I don't see how that would arise from low interest rates?