The lender is master to the borrower. Alot of people and businesses will learn this the hard way as they dial interest rates to 7. This squeeze will cause alot of pain for most people since most people and busineses have debt, that's the culture for the last 40 or so years. Debt financed consumption! But it is a trap and they will present a solution: CBDC. Out of desperation people will adopt it. All debts will be forgiven, with the CBDC it will be a fresh start. However, with the CBDC if it happens they will be more of a slave than they were before.