[Morg]

Decreasing rate is financial suicide imho, once you've done it there's no reason to stop.

My point of view is I'm offering great value and if they don't want it, someone else does and I couldn't care less.

In the worst case, I'll take the opportunity to go get a better rate elsewhere.

On the other hand, I don't have a very high rate yet and it's much too easy for me to find another job to be really worried.

As you said, I believe far more in having too much work than in reducing your rates (I currently have enough paid work for at least 8 billable days ).