Birdwatch Archive

Birdwatch Note Rating

2022-12-15 00:35:09 UTC - NOT_HELPFUL

Rated by Participant: 64CC8E1A7425EA9C89F311AD9247DDAD8A4EA3E1B7E842425A7F8A33AC53FCA5
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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