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re: Can someone explain why raising interest rates in recession helps?

Posted on 9/26/22 at 1:30 pm to
Posted by Auburn1968
NYC
Member since Mar 2019
19715 posts
Posted on 9/26/22 at 1:30 pm to
quote:

Because it discourages people from borrowing money, thereby reducing the amount of dollars in circulation. Only the idiots running our country didn't see this shite show coming.


They created it when Biden turned a strong economy that was energy independent into a green basket case full of printed money.
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