Suppose I'm a business owner and I have a major investment to make in a new factory or upgraded equipment in the next 18-24 months. Under the Obama/Central_VA scenario of perpetual near-zero interest rates, I'm doing this major project two years from now. If I know interest rates are going to be higher in two years, I'm doing this RIGHT NOW.
Which of these is better for the U.S. economy in 2018-19?