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Interest rates. [laughter] well, first off, you know, just acknowledge the fact that the reason people are spending more money is because they have more money. they have bigger paychecks. they have and this is a great time to be an american worker. families are feeling flush with cash, and they re spending it. now, in terms of the fed leland: we ll get to that. but they tie in on this point. there may be record spending, which is what ellison talked about, there is also record debt. we re not talking about the national debt, we re talking consumer debt. the american consumers eau $14 owe $14 trillion. the government owes more than that but not much. is this cheap credit environment we re in where people can buy virtually everything they want and pay virtual hi no interest, is that dangerous in creating the same kind of bubble we saw in 2008? you know, maybe. but, look, we have leland: oh, there is a, there is a [laughter] a little pessimism in steve moore. look, i mean, ....

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