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And so the danger for the housing industry is if we see interest rates rise.

There are tremendous barriers to building housing. If we could break them down, the need for rent controls would go away.

To pump up consumer or government demand would force interest rates up and asset prices down, possibly by enough to destroy more jobs than are created.

When the time comes to raise rates, I do think there will be some benefits that flow through to savers.

Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get.

It would be helpful if someone would lay out exactly the economic mechanism that gets us from yet lower interest rates to actual economic activity.

Rent and the cost of essentials like food and child care are rising so fast that wages are not keeping up.

Here's the problem if you keep raising tax rates: You slow down economic growth.

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.

Interest rate cuts have an effect in stimulating an economy by directly or indirectly making someone, somewhere, spend more than they otherwise would. That extra spending increases demand and ensures that we all carry on with work to do, without us having to slash our prices or our wrists.