the distortion is much more fundamental than interest rate policy. The real distortion is taxing income and sales and not land or other forms of monopoly rent.

the distortion is much more fundamental than interest rate policy. The real distortion is taxing income and sales and not land or other forms of monopoly rent. creating the vast majority of money through mortgages or student loans to motivate people to work hard as slaves for feudal masters. central banks have no control over that fundamental design decision, they just oil it, but if they didn't it wouldn't be any prettier of a sitution.