Birdwatch Note Rating
2022-12-10 17:19:34 UTC - HELPFUL
Rated by Participant: 70BAB8B172A925C9434AAEE2A3A3F261A8BF504DCBD5269CC2E7D1012F6BE28E
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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