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Inflation, or even the threat of inflation, is fought with rising interest rates. Rising interest rates mean less money going to business expansion, which mean
by RickJWagner 4y ago
Inflation, or even the threat of inflation, is fought with rising interest rates.
Rising interest rates mean less money going to business expansion, which means fewer jobs and less competition for employees, which means lower paychecks.
In the end, it's the poorest people that get dumped on. If you can't afford $1000 rent, you surely can't afford the adjusted $1400 rent. And without a job, you'll be homeless soon.
Short term gain, long term loss.