That’s like saying amputation is a way to handle getting a paper cut. It’s in “not even wrong” territories of incorrectness. Higher interest rates are about sh

That’s like saying amputation is a way to handle getting a paper cut. It’s in “not even wrong” territories of incorrectness. Higher interest rates are about shifting investment priorities and loan rates. It increases the cost of lending, which results in people making choices about taking on risk and debt. The reduction in loans being written, and the increase in interest being paid means that people start moving their money into savings, reducing the velocity of Money. Laying off people from the government reduces the amount of money being used productively, but doesn’t do a thing to stop loans being written or money being printed. It destroys the ability of the system to be efficient, resulting in more waste, and with more risk appetite + weaker regulators it results in the ability for people to break laws with impunity, resulting in captured or rent seeking markets. This results in a recession, and a failed economy.