> Debt is cheap BECAUSE we had a financial crisis, BECAUSE we let people who shouldn't have indebted themselves indebt themselves. > There will be grave consequ

> Debt is cheap BECAUSE we had a financial crisis, BECAUSE we let people who shouldn't have indebted themselves indebt themselves. > There will be grave consequences an suffering in enabling inept people and corporations take on more debt. I don't disagree here. But isn't that a separate discussion? I thought, we are talking here governments, which currently (due to whatever reasons) can issue bonds at rates below inflation, or even negative rates (e.g. Germany). To use that (essentially free) money when consumer consumption is down sounds to me fairly rational.