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I’d like to talk a little about interest rates in this article. As you are all painfully aware, interest rates are on the rise. Interest rates are the expense associated with borrowing money. When interest rates are low, borrowing and the associated spending by consumers and businesses increase. When demand for products and services exceed supply, prices rise. The measure of these rising prices is called inflation. A little inflation is good. When prices are going up, people want to buy now rather than pay more later. This increases demand, resulting in business expansion and higher employment. Too much inflation, however, can be disastrous. The current inflation rate in the US is 8.3% and it has been above 6.0% for the past year.