The problem with raising interest rates is that there are many mechanisms by which exceptionally wealthy cash out borrowed dollars. Owing to how wealth is distributed the majority of QE has gone in this direction.
Consider leveraged stock buybacks, leveraged dividends, selling to a greater fool, and simply owning corporations which are too big to ever go chapter 8/11 without taking the economy with them.
Increasing rates will simply mean that these individuals can get paid by interest rates ( you have to borrow from someone after all ).
The only strategies to break this wealth concentration involve punishing capital accumulation. Meaning inflation or taxation.
Consider leveraged stock buybacks, leveraged dividends, selling to a greater fool, and simply owning corporations which are too big to ever go chapter 8/11 without taking the economy with them.
Increasing rates will simply mean that these individuals can get paid by interest rates ( you have to borrow from someone after all ).
The only strategies to break this wealth concentration involve punishing capital accumulation. Meaning inflation or taxation.