and, no - a quarter percent modification of the interest rate doesn't lead anybody to change their decisions.

if interest rates have any effect at all - and i'm not even at this point - then it is purely on the level of statist brainwashing. this is gramscian theory, not economic theory.

but, what is bad about high interest rates is that it makes it harder for governments to run deficits, which just contributes to the downward spiral created by removing the stimulus.