https://charleshughsmith.blogspot.com/2024/01/the-era-of-easy-money-ruined-us.html

The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence…

The near-zero rate credit was distributed asymmetrically; only the wealthiest few had access to the open spigot of "free money." The rest of us saw mortgage rates decline, but we were still paying much higher rates of interest than corporations, banks and financiers.

If we'd all been given the opportunity to borrow a couple million dollars at 1% and put the easy money into bonds yielding 2.5%, skimming a low-risk 1.5% for producing nothing, we'd have jumped on it. But that opportunity was only available to banks, the super-wealthy, corporations and financiers.