> Low interest rates are possible when inflation is not out of control.
Not to be pedantic, but it really depends on what you mean by inflation. If you only consider CPI then sure - maybe you're right - but in my opinion we've had out of control asset price inflation together with falling interest rates since around the time of the GFC. I'd go so far as to say it's been the defining feature of western economies over that period. Basically badly implemented quantitative easing.
Not to be pedantic, but it really depends on what you mean by inflation. If you only consider CPI then sure - maybe you're right - but in my opinion we've had out of control asset price inflation together with falling interest rates since around the time of the GFC. I'd go so far as to say it's been the defining feature of western economies over that period. Basically badly implemented quantitative easing.