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>merely a symptom of the populace not having a strong vision or direction in which to use resources.

But the populous still doesn't have a strong vision or direction, and we're not in a ZIRP any more.

I think the direction or vision has nothing to do with interest rates.



We gained a vision around correcting the supply shocks that occurred in the early 2020s. The price of many goods went sky high due to lack of supply, so people started demanding money again so that they could ramp up production in response. Thus the price of money (i.e. interest rates) increased on that newfound demand.

You are right that it is probably not a suitable long-term vision. In fact, it seems most everyone is convinced that interest rates are going to head back towards ZIRP again soon because they don't see any long-term vision out there to sustain that demand. You are good company here.




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