If the lower interest rate is natural, sure.
Posted on: March 16, 2020 at 11:09:40 CT
ummmm MU
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But when the lower interest rate is artificial and pushed down by printing more fiat money and backstopping a fractional-reserve system where banks pyramid 10x the loans on actual reserves, then all the extra money floating around just bids up the price of the asset that people then need big loans to acquire.
Low natural interest rates comes from a high pool of real savings among the economy. Which is the exact opposite of what we have today.