When a line of credit costs 15-17%APR & counting you can bet that people are going to have to start working harder or go bankrupt.
This paradigm is what shifts behavior, no need for mass war.
CNBC
Fed's Neel Kashkari isn't sure if interest rates are high enough to stop inflation
Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the economy nor stimulating it, may have gone higher.