[roenxi]

Are you of the opinion that letting the free market set interest rates is going to cause measurable levels of brain damage?

The official policy position is that the free market won't gamble enough if left alone and that it needs to be forced away from conservative plays. We must admit that this is, potentially, a contributing factor to the lack of responsible long term thinking in markets that are influenced by money (hedging in case there are aspects of life that aren't influenced by low interest rates, if someone spots any let me know).

Plus printing money and handing it out to rich people is outrageous. I'm confused at how anyone is can pretend that is a good idea. You didn't say that, I'm just throwing it out there Carthago delenda est style)

[mort96]

I was specifically talking about the last paragraph, that the solution is to not "meddle" in general. It's quite possible that the way interest rates are set is problematic, I'm not qualified to have an opinion on that. But clearly there are problems where meddling is necessary.

[infogulch]

Humans have a strong universal bias towards additive solutions, even when subtractive solutions are clearly better. I doubt regulatory policymakers are immune.

[mort96]

That's a non-statement. Nothing about what I have said assumes that policymakers are immune to any form of bias.

[throwawaymaths]

> Humans have a strong universal bias towards additive solutions, even when subtractive solutions are clearly better.

That's a very profound statement, are you kidding me?