We are about to have an election here in Australia sometime shortly, in October, and the current Prime Minister, the incumbent John Howard (a.k.a Man of Steel), has adopted the slogan 'Keeping interest rates low'. Are high interest rates a wholly bad thing, or are there upsides to having high interest rates? My thought is that Howard is running a scare campaign, trying to frighten people into beleiving that if Labor get elected, then interest rates are going to suddenly skyrocket to 18% and everyone will be poor. Feel free to enlighten me. Claude.