[Dan Mezick]

[ QUOTE ]
My second point, is merely to illustrate a point which was already made in one of the other responses. If you borrow money at 6% and inflation is at 2%, you are really only paying a real interest rate of 4%. And after tax benefits of say 2%-3%, you are really only borrowing the money at a true cost of about 1-2%.


[/ QUOTE ]

One can argue that money had a negative cost when rates bottomed. They were literally paying you to take it away.