Interest rates too low?

Interesting discussion of how these extremely low interest rates do not encourage banks to lend.

Low interest rates mean "easy money". With easy money no one has an incentive to economize....

Yet, banks aren't lending except for high collateral positions...and why is this? The answer is simple, as Robert Higgs said, "regime uncertainty".

This is a bit contrary to the fact that most profit these days has been the result of increased productivity a.k.a. economizing a.k.a. laying off, closing factories, offshoring work, etc.  This only works in the short term.  Eventually, you need to put Employees First.  :)

Employees First, Customers Second: Turning Conventional Management Upside Down