Birdwatch Archive

Birdwatch Note Rating

2022-12-15 05:45:13 UTC - NOT_HELPFUL

Rated by Participant: 16F2C75E853CD02F5866BBA4A5657B1DBD1BB590AD69B949392D84C5EEC35901
Participant Details

Original Note:

If debt is acquired at a low fixed rate, then inflation can be good for the debt holder. But if debt is acquired at a variable rate as rates are rising, the interest payments can increase and overwhelm the borrower. Elon appears to be referring to this latter type of debt.

All Note Details

Original Tweet

All Information

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