Birdwatch Note Rating
2022-12-10 21:18:55 UTC - HELPFUL
Rated by Participant: 597BDEF06D5295E525F92FE0EFDCA36D1FDC38026A5E82D997A4B4B78AC3A1F7
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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