3 ms·
"The economy tanked because they started raising interest rates." I don't agree. The economy is underperforming compared to pre-covid and it's due to inflatio
by rybosworld 3y ago
"The economy tanked because they started raising interest rates."
I don't agree.
The economy is underperforming compared to pre-covid and it's due to inflation. Raising interest rates is an attempt to stop the inflation. And while higher rates don't seem to actually be helping, they aren't the cause of the slowing economy.