> artificially suppressed rates

I don't follow your point. All rates are set arbitrarily according to the monetary policy followed on any specific moment.

What leads you to believe that arbitrarily setting a rate one way is natural, but arbitrarily setting it another way is more natural?

> Zooming back out, whatever pain comes from breaking Google up today will be less than the pain of doing so in a decade.

Will it, though? Think about the problem for a second. Do you think it would be more painful to break up Yahoo now than it would have been a decade ago? What about Intel? What about IBM? I mean,do you think Google of all companies is doing great?