A lowering of the real rate of interest, either by a voluntary decrease in spending and a corresponding increase in savings, or by an artificial rate set by cen

A lowering of the real rate of interest, either by a voluntary decrease in spending and a corresponding increase in savings, or by an artificial rate set by central bank policy, will indeed lead to more investment into earlier stage production areas such as farming, mining and startups. Taxes discourage investment, however, so they can change time preference again towards less savings and more later stage consumption. Then again, also here we see a political preference for the early stage production areas, e.g. farming subsidies.