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Mr Osborne's best hope is that cheap credit helps in another way too.
The truth is that cheap literature has never been so accessible.
Economically, the standard western assumption is that cheap oil is a boon.
It is that cheap oil might take the pressure off the shift to a carbon-free economy.
But surely what we are seeing now is that cheap travel is yet another way in which globalisation is not working for everyone.
But Mr. King's fear is that cheap money will encourage investors to create anew the kind of financial house of cards that is now tumbling down.
Similar(36)
The sad reality is that cheaper money won't work.
If only the prices were that cheap.
"The bottom line is that 'cheap imports' aren't really so cheap," Sanzone says, "when I consider the impact on our manufacturing sector, in terms of jobs and technological competitiveness".
Myth #4: PR is cheap A common misconception is that PR is cheap.
One advantage, says Seldon, is that it is cheap.
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