> Which was a very lucrative business back when interest rates weren’t evil. I don't know how far back you're referring to, but I can't believe that you would

> Which was a very lucrative business back when interest rates weren’t evil. I don't know how far back you're referring to, but I can't believe that you would call a single digit interest rate "evil." If there was ever a bad thing, it's the incredibly loose market for debt we had up until recently, where central banks suppressed rates with ZIRP or NIRP. A huge amount of the very mess we're in is because of grossly overaccomodative monetary policy which has distorted the price of everything, and has surprisingly far-reaching effects. It's very much a good thing that the era of free and easy money is (hopefully) over.