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first—time buyers are essentially saying they will take a mortgage rather than spend the rent and lose the money, and parents help with the deposit. the the money, and parents help with the de osit. ., , the money, and parents help with the de osit. . , ., , deposit. the idea behind raising interest rates _ deposit. the idea behind raising interest rates is _ deposit. the idea behind raising interest rates is that _ deposit. the idea behind raising interest rates is that if - deposit. the idea behind raising interest rates is that if you - deposit. the idea behind raising| interest rates is that if you make it more expensive to borrow, then people will tend to spend a little bit less, and that will reduce the upward pressure on prices. but it is not even in effects. the people hit hardest at those who borrowed the most, who tend to be young people, those who stretched to buy a home, and those who benefit most are net savers, those who have got more saving than borrowing, who tend be older people. lazar saving than borrowing, who tend be older maple-— older people. low and stable inflation is _ older people. low and stable inflation is the _ older people. low and stable inflation is the foundation . older people. low and stable inflation is the foundation of| older people. low and stable l inflation is the foundation of a healthy economy. high inflation hurts the least well off the most. are some economists say if you want to fight inflation by reducing excessive spending, you could do it more fairly across the generations by raising taxes on those who have plenty to spend. i by raising taxes on those who have plenty to spend-— plenty to spend. i don't think the bank of glenn _ plenty to spend. i don't think the bank of glenn is _ plenty to spend. i don't think the bank of glenn is doing _ plenty to spend. i don't think the bank of glenn is doing the - plenty to spend. i don't think the bank of glenn is doing the right i bank of glenn is doing the right thing _ bank of glenn is doing the right thing with interest rates, it is raising — thing with interest rates, it is raising them too fast and too high, and that_