Thank you for sharing this theory. I agree with the theory that low interest rates are meant to incentivize riskier investments and can lead to runaway prices i

Thank you for sharing this theory. I agree with the theory that low interest rates are meant to incentivize riskier investments and can lead to runaway prices in capital asset classes that eventually must correct because they don't provide consumer value. However, based on this theory, the current actions of corporations and investors are rejecting the incentive to place riskier bets and I can't see run away prices on a capital asset on the macro us or global scale as we saw with housing from 80s to 2008. Perhaps capital allocation managers implicitly agree with the theory and taking cautionary steps to avoid the bust. But I wonder if this fear of busts is holding back innovation. Society is helpless to progress at a faster rate because God forbid there is another bust and people lose jobs and hope about the future. I think companies are waiting with cash in hand to buy up the good deals in an expecting bust. But I would prefer to have the cash used for risky ventures and I accept the bust outcome.