Long term bond yields are not directly tied to the Fed funds rate.
The problem is the debt purchased by the Fed during QE had extremely low yields (COVID era) the reserves held by banks created by the Fed during QE now cost more to service by the Fed.
The existing models and higher layer protocols of the web will likely break down over the coming years.
I’m not exactly sure what will replace it yet but communication infrastructure built for humans isn’t going to scale with the volume of communication created by artificial intelligence.
There might be some solutions requiring proof of work to introduce friction but that comes with a real environmental cost.
I’ve personally spent the least amount of time over the past three decades on the Internet this recent year. There are some niche corners I frequent but I find the overall experience more draining than rewarding lately.
While you are entirely correct that immediate withdrawal of benzos is life-threatening, the same is true for short-acting SSRIs/SNRIs.
For eg, when admitted to a psych ward, there are a handful of things that the hospital will continue giving to a patient and gradually taper. Benzos, SSRIs/SNRIs, anti-psychotics, anti-convulsants & alcohol.
I mention this just to urge folks not to go cold-turkey on SSRIs/SNRIs as it can be life-threatening.
"Prolonged" is not a long time either. You can be ensnared after just a couple weeks. And even a safe taper is still pretty hellish.
I had to wean off Klonopin, prescribed for a bout of COVID induced insomnia. Only on it for a month and it took a microgram taper and nine months to get off of completely. Had to go slow because the original recommended rate was wayyyyy too spicy for my central nervous system. Even at the slow rate I was going it was difficult to make it through life. Most doctors are unaware of how to deprescribe this shit safely.
I don’t think “most doctors” is accurate any more, but a doctor prescribing a month of klonopin for insomnia needs some urgent continuing professional development.
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