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When Money Becomes Political

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First published at 15:50 UTC on October 10th, 2023.

#money
#finance
#inflation

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Let's be clear: this strategy of raising interest rates works because it depresses overall commercial activity. As rates rise, industries cut back on investment, consumers curtail the amount they purchase, and eventually, prices stabilize, but in a much weaker overall economy. That's why when these rate hike strategies begin, they're almost always followed by a Recession (a more fragile economy).

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