Low interest rates are no longer a very good stimulus during slumps because few want loans then anyhow. We are no longer a capital intensive economy. It's bette

Low interest rates are no longer a very good stimulus during slumps because few want loans then anyhow. We are no longer a capital intensive economy. It's better to pay down debt during high points so that say infrastructure projects can be created and paid for during slumps. Infrastructure wages flow quickly into the the "99%" economy, unlike many alternative stimuli.