Man, this is the question I always end up arguing about with my uncle. Honestly, I kind of feel like these ratings agencies, like Moody's, have a lot of power. Like, just one announcement and suddenly the stock market takes a hit, or the government has to pay more to borrow money. But at the same time, we rely on them to keep people honest. If no one was checking how risky it was to lend money to someone (even a country!), it’d be chaos and people might just get scammed more often.

But remember, Moody’s and the others are businesses, too. There were big mistakes during the 2008 financial crisis, so not everyone trusts them 100%. Still, I guess they’re like refs at a game. You need rules and someone to enforce them, but sometimes it feels like they call too many fouls and mess up the flow. My opinion? We need places like Moody’s, but they shouldn’t be the only voice. It’d be cool if we could get more transparency and more input from different places so it isn’t just one company making the call. That would make things a bit more fair, I think.