“Public opinion always wants easy money, that is, low interest rates” – Ludvig Von Mises, A Critique of Interventionism
Wall Street and Main Street cheer on lower rates because they make access to dollars cheaper.
With cheaper access, people have more money to spend, their debts are easier to pay off and stocks and real estate prices rise.
It’s all good, right? Maybe not. Here is the dark side of artificially low interest rates.