Interest rate hikes will fix inflation faster than cutting business costs.

Daily Debate #566: "Interest rate hikes will fix inflation faster than cutting business costs.". You are arguing FOR the motion. Your opponent: Marcus Aurelius.

Interest rates are better

Better at what, exactly? Crushing demand destroys jobs and wages before it touches prices. Cut business costs instead, and you lower inflation without the recession. Why sacrifice employment for a slower cure?

Cutting business cost can be bad for the gdp

That's backwards. Lower costs mean cheaper goods, higher real wages, more consumer spending, stronger GDP growth. Rate hikes crater demand directly. What evidence shows cost-cutting hurts GDP more than killing purchasing power does?

If you rate interest it helps people to save some money

Savers benefit, but workers lose jobs and can't save anything. Rate hikes shrink the economy first, reward nest eggs second. Why should unemployment be the price of someone's savings account?