Birdwatch Note Rating
2022-12-10 21:18:55 UTC - HELPFUL
Rated by Participant: 33A9FE75F722CDAA2062A02397850EF4ED21C5049FD46309D4F0D7304FD8BF7A
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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