Great stuff the MI as usual. This path is not just unsustainable. It has reached a point where any choices (except those which take power from the elite) will bring cascades of pain to the common folk. The Gov’t/Fed has boxed itself into a corner, and like the rat that it is, it will likely have to use explicit force, rather than implied force. It will be interesting to see the consequences of that...
Lowering interest rates with government intervention (money printing) transfers wealth from lenders (e.g. retirees with savings earning a normal market rate of interest) to borrowers.
It is a welfare program, basically.
The policy causes a zero-sum transfer of wealth from one group to another in the short run (theft).
It destroys capital markets and growth (willingness to save and investment) in the long run (greater poverty).