> I also agree that low rates were good as you could invest in property with leverage and in businesses which could borrow and raise money to cheaply to grow.

> I also agree that low rates were good as you could invest in property with leverage and in businesses which could borrow and raise money to cheaply to grow. You can't get something from nothing. This was simply subsidizing business borrowing / capitalists at the expense of the labor's purchasing power. It shouldn't be a mystery why inequality sky-rocketed to surpass Belle Epoch levels under ZIRP.