You have a bunch errors in there. First paragraph: 1. Raising interest rates does not discourage capital investment equally. It raises the expected future value

You have a bunch errors in there. First paragraph: 1. Raising interest rates does not discourage capital investment equally. It raises the expected future value needed by an investment to justify going forward, so it discourages marginal/malinvestment. The all in podcast had a decent chart on why this is a good idea recently that showed investments when the market is this overheated losing pretty uniformly. 2. You confuse money with stuff. Generally, more stuff makes people richer, not more money. More money when there isn't enough stuff makes inflation. 3. More spending is currently how we measure growth but it's dangerous and incorrect to label growth coming from spending. Savings drives capital accumulation and capital drives efficiency gains/production gains, which means more ability to produce more stuff. It is easy to make this error because there are tons of things we can do that destroys the capital stock but drives spending in the near term to great medium/long term detriment. second paragraph: 4. This whole thing is basically wrong. Making credit cheaper only "solves" the problem if the credit expansion can grow the output of whatever the constraint(s) is(are) faster than it is growing demand for the constraint itself. This is both not gauranteed and not likely in this case given we were already basically at the zero bound interest rate and funding all sorts of insane startup ideas/company largess at the large companies. Higher interest rates reign in malinvestment, which is definitely happening right now and destroying demand from malinvestment is a very good thing. Third paragraph: 5. Do you think the economy wasn't trying to self correct in the way you describe and failing prior to interest rates being tightened? We had very extended and worsening inflation from the exact strategy you describe before the central bank finally flipped to tightening. If this actually worked we wouldn't be here. Fourth paragraph: 6. This is impossible to agree on because I would say the places that have taken this path to its logical conclusion ended in hyperinflation and economic death spiral and you will say those places weren't really trying what you propose. Fifth paragraph onward: 7. I obviously strongly disagree with you for non moral reasons so I don't see a lot of value addressing your morality arguments.