interest rates, page-14

from an economic point of view, the reserve
don't want to instill confidence in consumers
and don't want people spending money they don't
have.. which is what got them into the mess in the
first place..

the issue of people holding mortgages being hurt is
a social and a political problem, not an economic one
and borrowers are suffering more due to over-paying for their housing assets, than due to the rates of interest
which are actually quite low from an historical perspective..