Yes, low interest rates allow for a lot of meaningless labor to be performed .. why not? You can borrow at near 0% to pay for it, so who cares. The fed is pu

Yes, low interest rates allow for a lot of meaningless labor to be performed .. why not? You can borrow at near 0% to pay for it, so who cares. The fed is pushing interest rates lower and lower to keep people employed - even if it is in purposeless, pointless jobs. When they stop though, we'll see how many of these jobs remain. Zirp did the same thing in Japan, by the way. Japanese hate unemployment and with Zirp they were allowed to keep a lot of people employed that otherwise would be laid off in a normal functioning capitalist society.