Birdwatch Note Rating
2022-12-11 03:22:58 UTC - NOT_HELPFUL
Rated by Participant: 7BF5BC672146F0B8CCD762940454BE4A1FD3CACEEA4F46146E24EE047C3B1C06
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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