If microsoft or similar can borrow money for five years at 1% it will encourage speculation by them. Quite sensibly they buy their own shares as this in turn reduces the dividend payable on those shares, sensible refinancing almost. The idea is they can invest this cheap money for more employment (trickle down is still the hope), in effect they will speculate more and employ outside of rising government cost
Government is altering the bias of business. They do fix interest rates. They employ laws to enforce their actions and they do encourage speculation. In a free market we have elements that would normally short sell bad prices. The western fiscal economic model is not a free market and it does encourage speculation by fixing cost of money, when 50% of GDP is government this is fair to say QE has eclipsed business and monetary flow in a normal capitalist system.
QE is a monopoly, a kings charter gifted to a modern day apprentice on the governments wishes
The low interest rates are not laws, it is a result of the forces of the market
How many institutions can issue federal reserve notes. It doesn't even qualify as capitalism anymore really.
Capitalism is an economic system in which trade, industry, and the means of production are largely or entirely privately owned and operated for profit
Too few hands carrying too much power is a problem, its why we have democracy and its why we should have capitalism and the problem is we dont and its causing continual failures to occur that could be stopped if people had the power that government has taken from them.
We have centralised capital control. Capitalism is far closer to peer to peer where each unit is fungible against all others equally. When the Fed issues QE at their own agenda and timetable they are determining monatary worth and who will receive that benefit of the newly produced money. Im not calling a conspiracy, they do put that worth into government which in theory passes it onto the people but it is still not capitalism and QE will encourage speculation and unfairly benefit the largest dealers in QE assets which is government debt mostly and also housing debt.
This is not a free market, prices of the largest units of currency are enforced by laws and please dont kid yourself that people at the FED are not politically biased. They are not on puppet strings but they are not able to somehow dodge human mistakes we all carry which will have biased them to their origins which is government.
Timothy Geithner, Obama and Ben B have between them 1 years experience in privately funded businesses and they are not going to bring you anything but what made them successful which is politics, I expect Yellen, etc are similar