Birdwatch Note Rating
2022-12-11 08:32:50 UTC - HELPFUL
Rated by Participant: 13FA04FAB069B91F0DD50C6478E521E2B80B22442ADE9DB0FDF6636B73D2AC0F
Participant Details
Original Note:
There are many sources and just as many theories. However each attempts to avoid the main issue, raising interest rates raises the cost of living for everyone also businesses and Government. It discourages purchasing by increasing the cost of money if the money is borrowed. https://www.pgpf.org/blog/2021/08/how-will-interest-rate-changes-affect-federal-debt-and-deficits.
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