▲ 15 r/economy
High interest rates are here for a reason
High interest rates might feel painful, but they are protecting us from a massive crash. If cheap credit allows vulnerable people to over-borrow right before AI-driven layoffs kick in, the fallout will be catastrophic. Pray that rates stay high—they are the only thing keeping a debt disaster at bay.
u/Early_Cheek6816 — 2 days ago