[neilwilson]

ZIRP removes the artificial intervention in the market for money by unelected individuals with no accountability to the population for their actions.

The market for money then goes where it will according to free market principles and the autostabilisers operate in the market for labour instead.

No point giving free money to people who already have money.

[immibis]

ZIRP is an artificial intervention in the market: Whenever it costs money to borrow money, the government will print some and give it for free to whoever is looking to borrow it.

[neilwilson]

Government always spends by printing money. Just as banks always spend by printing money.

Taxation and loan repayments then shred money.

There is no fixed quantity of little silver coins we pass around and never has been.

There is no need to pay a third party for an accounting credit when you run the system

[immibis]

ZIRP isn't just zero interest rate for the government; it's near-zero interest rate for everyone.