[imtringued]

>Personally I hope rates stay above several percent for the foreseeable future, for climate/resource reasons.

I don't know what this has to do with climate or resource reasons. Cutting down the rain forest, polluting the planet with CO2 and sitting on interest payments are optimal in that scenario. Ultimately positive interest rates encourage corruption and short term thinking because earning money today ,no matter the cost, is better than earning money in the future.

Meanwhile with lower interest rates the future isn't discounted anymore and it is worth it to invest in emission reductions.