Birdwatch Note Rating
2022-12-11 08:08:07 UTC - HELPFUL
Rated by Participant: E5829E2688AD3ADEE35B6BB9FA1373E051069848644BCBC53CA82AE5190BCA20
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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