> That seems like a false dichotomy to me, and what you're really suggesting is that monetary policy should encourage the accumulation of debt(spending) rather

> That seems like a false dichotomy to me, and what you're really suggesting is that monetary policy should encourage the accumulation of debt(spending) rather than careful insulation from chance(saving). I do not believe my statements suggest monetary policy should encourage anything. At least they were not meant to. Lowering interest rates is bad for those with savings, but good for those with ongoing income. I understand this is a widely accepted observable economic phenomenon. Does that clarify?