The parent describes "consistently low interest rates, quantitive [sic] easing and other central bank policies," so I'm not sure why you singled out low interes

The parent describes "consistently low interest rates, quantitive [sic] easing and other central bank policies," so I'm not sure why you singled out low interest rates (which are a byproduct of the Fed actions that DO enable big government debt, and which certainly make it take longer before annual interest on government debt becomes unsustainable). > I think the bottom 90% of the pyramid should rather welcome those losses. Maybe my sentence wasn't clear, but X-inflation here refers to asset/property inflation as much as consumer inflation, none of which should be welcomed by those who don't have huge amounts of net worth tied up in appreciating assets.