[lovich]

Interest rates were increased by the federal reserve to ultimately try to increase unemployment to hopefully decrease inflation. This is working by increasing the cost of capital

[nathanaldensr]

I would characterize it as "this is working to end almost two decades of free debt grift."

[lovich]

You could, but that would be ignoring the federal reserves own statements about why they are doing this[1]. It’s not a conspiracy to think they are trying to raise the unemployment rate, they’ve been very open about it

[1] https://www.cbsnews.com/news/fed-interest-rate-hikes-unemplo...