Interest rates in fiat currency, these days, are not due to scarcity of lendable funds. Saving rates by consumers actually are just a low-risk or high-risk form of rent seek8ng., depending on the economy.
There's no world these days where a vast amount of collected wealth by a few makes credit suddenly cheap for all consumers.
All wage earners will still be able to drive up inflation if they demand goods that are not able to keep up easily... therefore pressure to save (to not take out debt) will raise interest rates fine by itself.
Unless we are talking about fiscal-based government spending (and interest on fiscal debt), no increased access to credit will become "better for all". Businesses can absorb all the credit offered during good times and consumers may see none.
Business failures will suddenly dump some assets on the market at fire sale prices, but a lost job makes those fire sales of little solace.
The bets on moneybags-centric ML spending has many dead ends.
Draining capital into the wrong ones will be common and easy. Then the bubbles will burst and we will see how much raw capital and debt actually pay out.
Making those with money able to buy more tomorrow than today will make all sales plummet... all real needs go unmet and all efficient loaning of money cease.
Holding your breath will leave more oxygen for whoever survives .... but there won't be as many who need it left alive.
Deflation is deadly unless you worship coins as the only valid measure of economics.
Interest rates in fiat currency, these days, are not due to scarcity of lendable funds. Saving rates by consumers actually are just a low-risk or high-risk form of rent seek8ng., depending on the economy.
There's no world these days where a vast amount of collected wealth by a few makes credit suddenly cheap for all consumers.
All wage earners will still be able to drive up inflation if they demand goods that are not able to keep up easily... therefore pressure to save (to not take out debt) will raise interest rates fine by itself.
Unless we are talking about fiscal-based government spending (and interest on fiscal debt), no increased access to credit will become "better for all". Businesses can absorb all the credit offered during good times and consumers may see none.
Business failures will suddenly dump some assets on the market at fire sale prices, but a lost job makes those fire sales of little solace.