Lower interest rates are categorically not lower prices. A rich person can make low interest rates go exponentially further than a poor one; lending and borrowi

Lower interest rates are categorically not lower prices. A rich person can make low interest rates go exponentially further than a poor one; lending and borrowing is the game of the wealthy. Whenever I hear 'lower interest rates' this and 'lower interest rates' that my scam radar goes off. It's a dogwhistle for "I want to take out $200K loans again for free." People need higher interest rates, but more than that they need them over a sustained period of time, not reactive hikes that just screw everyone over. ECON 101: you lower them in bad times, not when selling pictures on your phone is one of the most profitable endeavors (i.e. the market is stupid hot). A cushion is useless if it's deflated before the fall.