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malvimyesterday at 8:43 PM1 replyview on HN

They’re absolutely not that incompetent. They’re on the pockets of people who profit directly from this.

Follow the money, and all that.


Replies

seizethecheeseyesterday at 8:53 PM

I don’t think business really wants interest rates that high. Without conspiracy theories, a simpler explanation is that this is simply democracy in action. People don’t want the spending reigned in, and they don’t want their taxes raised.