But of course, interest rates are inflationary: when interest rates go up, it gets more expensive to pay your credit card bills, lease your car, and pay a mortgage. And where we see the price of goods shooting up, there's abundant evidence that this is the result of greedflation - companies jacking up their prices and blaming inflation.
45/
Cory Doctorow /
npub1yxz…5qvv
2024-06-05 23:37:22
in reply to nevent1q…pycg
Author Public Key
npub1yxzkmtuyctjw2pffp6e9uvyrkp29hrqra2tm3xp3z9707z06muxsg75qvvPublished at
2024-06-05 23:37:22Event JSON
{
"id": "581c975a509396713e96043d74ade0d4b31cf263256bbb386f4f7d54f31ce47f",
"pubkey": "21856daf84c2e4e505290eb25e3083b0545b8c03ea97b89831117cff09fadf0d",
"created_at": 1717623442,
"kind": 1,
"tags": [
[
"e",
"2717970dd36269ae6eef23eb85331e90a7b67052835ce113de02621b6e1acac0",
"wss://relay.mostr.pub",
"reply"
],
[
"content-warning",
"Long thread/45"
],
[
"proxy",
"https://mamot.fr/users/pluralistic/statuses/112566169952729442",
"activitypub"
]
],
"content": "But of course, interest rates are inflationary: when interest rates go up, it gets more expensive to pay your credit card bills, lease your car, and pay a mortgage. And where we see the price of goods shooting up, there's abundant evidence that this is the result of greedflation - companies jacking up their prices and blaming inflation. \n\n45/",
"sig": "549225de65e3ff8b57e1570fc2249c478828994ea425e0e92714081ca4157e5e9367952172a23983ac42802fd5675bc1c34c23b7d0a7af8e1866d6d78742f295"
}