Something I've noticed when reading financial news lately is that having the interest rates so low for so long has raised an entire generation of people who no longer separate between having money and borrowing money. Carefully read news articles about recent businesses in trouble, and notice how casually the articles implicitly claim that the problem is solved by extending them more credit. Banks are in trouble because their assets became worth less have their problems solved by lending them more money, on time frames that can't even remotely bridge the problems. It's also subtly a theme in a lot of other text too, where borrowing is if not outright conflated with having money, certainly it's very close.

It's not the same, though. Not even in a ZIRP environment, and certainly not in a non-ZIRP environment.