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by codesushi42 2563 days ago
>There is no such thing as a dangerously low interest rate. The atmosphere won't suddenly catch on fire if you don't get a certain percent of risk free money.

You are completely delusional. There is a huge risk to global liquidity. We won't be able to rely on printing money to get us out of the next downturn.

>There has been plenty of evidence of money shortages causing lots of unemployment (see all busts of the early 1900s).

As Edward Thorp would tell you, bubbles thrive during times of cheap leverage (read: credit). Look at the crises of the last century.

>High interest is absolutely terrible for wealth disparity. It's literally free money for people with money.

You seem completely unaware that low interest rates are a tax on you in the form of inflation. The wealthy have enough to hold other assets that can more than offset this, and they can hold much more leverage. The average person, not so much.