Dagwood Bumstead from 83 years ago (1940) explains how the Fed increasing interest rates makes no sense, in one sentence.

Dagwood Bumstead from the 1940 Movie "Blondie on a Budget" explains the economy, climate change, global warming, and the sin of Fed mandated high interest rates in one fell swoop sentence... "I bought a suit once a dollar a week and I wore out the two pairs of pants paying for it".

As I wrote on one of my websites over a decade ago, higher interest rates require people with high interest rate debt consume a higher amount of natural resources  (which allegedly causes climate change and global warming) paying back their debt.