Birdwatch Archive

Birdwatch Note Rating

2022-12-14 15:53:49 UTC - NOT_HELPFUL

Rated by Participant: 3242453145B126CA4B354F61ECD7559295F2F70F6DE8296E43B52C7E5DE1EC59
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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