Birdwatch Note Rating
2023-02-20 13:49:22 UTC - NOT_HELPFUL
Rated by Participant: 195A14E8F2A6FBA67997BEC29ED32C9EA721B339446722D198651D0CD99A900C
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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