Ok, let's talk about this in practical terms. Take somebody like me. I have a mortgage at less than 4%. This is ridiculously low in historic terms. One of the consequences of an increase in the money supply is inflation. It cannot be otherwise. Increase the money supply and real goods that have a real value (houses, oranges, hookers in Vegas) will inevitably increase in price. So if I borrow 50 grand at a low interest rate and the value of the money goes down, then over the course of the mortgage I will be paying the loan back in dollars that are worth significantly less than the value of the dollars that I initially borrowed. I will make out like a bandit, but who loses? The bank of course. They stand to lose thousands in real value. Expand this out over the thousands upon thousands of mortgages and it doesn't take a genius to realize the lender is getting hosed. And when you factor in the hard economic fact that when inflation is occurring interest rates must rise to account for the inflation plus a reasonable profit, well it's apparent we have a phony economy (as bad as it is) propped up by phony interest rates.
The market is, and the market will out. Nobody, not the communists, not the fascists, not Pol Pot, Mao or Kim Jung Il are protected from market forces. If a lid is put on the market it is much like a pressure cooker and woe is the country that keeps the lid on too long. There will be a price to pay for the foolishness of our leaders, and it ain't going to be pretty! Get ready. If Obama is re-elected we will experience an economic Armageddon that could dwarf the Great Depression (and for almost identical reasons). If Romney is elected we can count on four or five years of pain, and I'm not at all sure the American people are smart enough to even understand that this could have been avoided. Regardless who wins the election, in the end Obama may very well win.