Of particular relevance,
under the
current monetary
regime it is not only
possible for a large, general increase in the desire to save to be accompanied by rising interest rates, it is highly probable that when a large rise in interest rates happens it will be accompanied by a general desire to save more.
This is not because humans could not live, and perhaps thrive,
under a different climate
regime, but because our whole civilization with its attendant infrastructure of cities, roads, farms, etc. has evolved to be as well adapted as
possible to the
current climate.