Several countries are raising interest rates to combat inflation, noting that this takes money out of economies and could lead to massive unemployment, and despite the pain this policy move causes, it is not well understood.
This is written by John Letzing, digital editor in Strategic Intelligence for the World Economic Forum, and Minjie Song, who specializes in data and content visualizations for the Strategic Intelligence Division of the World Economic Forum.
This was an assessment of a member of Congress after they protested the farmers’ descent into Washington, D.C. in 1979, throwing live goats over the White House fence, causing millions of dollars in damage to their tractors, and forcing them into an embarrassing confrontation with central bankers over high interest rates that have made it difficult Get much needed loans.
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