This is a different logic from the one that calls for inflation as a way of reducing long-term debt (at the expense of investors), but it has equally serious weaknesses. First, while low rates might encourage spending if credit were easy, it is not at all clear that traditional savers today would go out and spend.
与将通胀作为降低长期债务的办法（以投资者蒙受损失为代价）比起来，这是个完全不同的逻辑，但一样站不住脚。首先，低利率在信贷宽松时也许能够刺激支出，但在今天的环境下传统储蓄者会不会出去花钱很难说。以快要退休的员工为例。他之所以储蓄，是为了存足够的钱退休后用。自2007年以来，储蓄的回报率低得可怜，利率持续保持低位可能促使他储蓄更多的钱。