"No wonder why we see bubbles in financial markets.
I don't think that you're being fair. It's as if people saved money by buying longer term bonds at low interest and inflation kicked in for a long time. The problem was the allocation of savings, and the writer seems to agree with that.
The main problem with his post is that he fails to note that we're in a housing bubble, but he was hardly alone in that.
Don the libertarian Democrat