Birdwatch Note Rating
2022-12-10 16:16:40 UTC - HELPFUL
Rated by Participant: 860BBC05732C5F7B5941816DD5F501F8E5163A37C255ED533F91E5D618048353
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Original Note:
Musk is only concerned because rates on borrowed $ will go up. Instead of saying that he misfires on inflation. How Raising Interest Rates Helps Stop Inflation 11-2-22 https://time.com/6227633/inflation-federal-reserve-interest-rates/ While raising interest rates can slow inflation by making borrowing more expensive https://www.cnbc.com/2022/11/02/fed-raises-borrowing-costs-with-another-jumbo-interest-rate-hike.html
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