Krugman in this op-ed from 2004 doesn't seem to be advocating lower interest rates, but simply stating that they are probably coming, and that many people are b

Krugman in this op-ed from 2004 doesn't seem to be advocating lower interest rates, but simply stating that they are probably coming, and that many people are badly prepared for them. http://query.nytimes.com/gst/fullpage.html?res=9F05E6DD1E3BF933A15757C0A9629C8B63 http://query.nytimes.com/gst/fullpage.html?res=9F05E6DD1E3BF... "A number of analysts have accused Mr. Greenspan of fostering a debt bubble in recent years, just as they accuse him of feeding the stock bubble during the 1990's. Just two months ago, Mr. Greenspan went out of his way to emphasize the financial benefits of adjustable-rate, as opposed to fixed-rate, mortgages. Let's hope that not too many families regarded that as useful advice." One reason why he might have argued for lower interest rates, is that the employment growth during the "Bush Boom" was so dismal compared to earlier expansionary periods. (See: http://krugman.blogs.nytimes.com/2008/08/26/about-that-bush-boom/ http://krugman.blogs.nytimes.com/2008/08/26/about-that-bush-...)