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An Unsung Value Of Rate Hikes


Readers Report

AN UNSUNG VALUE OF RATE HIKES

Regarding "Who gets hurt by high rates?" (Economics, Nov. 21), I do not consider that this article presented the total picture. No mention was made of the impact on lower-income people of the terrible costs of inflation, which rate hikes strive to control.

Robert L. Smith

Champaign, Ill.


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