That low cost of capital drives deflationary innovation

A central componant in the decline of the nation-state as the primary orgenization method of human society

End of full time leisure (retirement, “financial independence “, trust fund babyship). No one can simply sit on parked money and expect to keep quality of life

Zombie companies - walking dead, nourished only by the capital available through low interest rates

Shadow Banking

Negative interest rates = taxes (in sovereign debt). It is curious to me why these countries don’t extend the maturities on these isssuances. Too much faith in the models.

That you should have been investing much more aggressively during this period. Capital has a hugely conservative bias. Eg. Steve Jobs is the classic example, after 1st diagnosis he could have hired 100K PhDs to look into extending his life but preferred to die at his global max.

Technological deflation, wage infaltion is impossible, but creating and failing for new businesses is easy for elites (well connected techies/ivy league graduates)

The widespread inequality, the malinvestments, the impending public & private pension disasters - if we dig down, it's the fault of the interest rate environment we find ourselves in. We will continue sloshing from one boom n bust cycle to next until interest rates normalize.

A lot of creativity is used philosophizing about money.