3 ms·
That’s not how it works. Increasing the interest rate will not increase the existing debt cost. The problem is that we are issuing new debt to pay off the old
by gpt5 5y ago
That’s not how it works. Increasing the interest rate will not increase the existing debt cost.
The problem is that we are issuing new debt to pay off the old debt, and that new debt is using the new interest rate.