Birdwatch Archive

Birdwatch Note Rating

2022-12-14 10:33:04 UTC - NOT_HELPFUL

Rated by Participant: 1B13FE7AF1172B0F18190B3C42AE2899EB950B5F7EEC6621AF7033B8C81EF9DD
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.

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Original Tweet

All Information

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