06/29/2012 09:03 am ET Updated Aug 29, 2012

Seven Reasons To Raise Interest Rates

Most economists reading the title of this article probably think I am an idiot. Easier money is what causes low interest rates and bringing down the rate of interest is the principal means by which the Federal Reserve eases monetary policy. So saying we need higher interest rates and easier money appears to be a contradiction in terms.

However, there is method to my madness. First, let me explain some of the reasons why we need higher interest rates.

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