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submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Jacking up rates only works when the thing going up is discretionary spending instead of essentials.

Which it was.

[–] [email protected] 1 points 2 weeks ago (1 children)

The things going up were food, energy and housing. Those are all inelastic goods.

[–] [email protected] 1 points 2 weeks ago

Definitely not the only things that were going up.