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Rate hikes are regressive. They take from the poor and give to the rich. Hereโs why Robin Hood would be p***ed off
Economics | Explaining why rate hikes are regressive
Heavier credit card statements were an unwelcome lump of coal under the Christmas tree this season. Higher interest rates have increased credit card bills and made mortgages less affordableโa central bank gift thatโs more โFairytale of New Yorkโ than โJingle Bellsโ. Theyโve also increased the size of tโฆ
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