Interest rates are already too low.
If cheap money was the solution to recovery we would have a red hot economy right now.
Manipulating interest rates by pumping fiat currency into the economy to keep rates artificially low is one of the major factors leading to the crash of the economy.
And it is one of the factors slowing down a real correction and subsequent recovery.
All we are getting out of the cheap money strategy is inflation.
Yep. interest rates are low because there is no growth except in the government. There’s no growth because the government is taxing and borrowing money out of the economy and spending it on welfare, keeping down their interest rate... a vicious circle.
But, of course, less debt is still a good idea.
You know if our economy did manage to grow- despite the gov’s efforts- interest rates go up and all that ‘cheap’ debt gets expensive.