I’m glad you asked. Yes, I think there are some problems. The bust is caused by the artificially lengthened time period of production. It’s not merely that artifiicially low interest rates are unsustainable. It’s that there simply are not enough real goods, real resources, available to support the lengthened, more round about, structure of production (sorry I keep repeating this, I don’t know how else to describe it). That is the cause of the bust. From your replies, I don’t see where you mention this. Your replies do seem to imply that increased savings somehow cause the bust. You point to price inflation causing people to want to save more, and the savings lead to the bust. This is where I disagree (I’m no expert, though).
The example is that of Crusoe attempting to build a boat instead of building sticks and nets to gather berries first. The boat will take six months; if he attempts to build a boat (lengthened, round about production structure) without savings (berries to eat), he will starve (bust).
In conventional central bank credit expansion, this has been described in detail. In your imaginary example where the central bank prints money and gives it away, exactly the same thing happens. Rising price signals from consumer goods would tell entreprenuers to seek profits by increasing production. The newly printed money (given away to individuals in your example) would end up as demand deposits that would be multiplied under fractional reserve banking. And there we have it; artificially low interest rates. Both consumption and lengthened production structures at the same time. Real resources are too few (rap video). The bust occurs.
I think your emphasis on increased savings misses the point about the lengthened production structure, the true cause of the bust.