Birdwatch Note
2024-08-16 16:46:36 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING
Elon is not wrong. While not the only cause, printing money, i.e., increasing the money supply, is a driver of inflation. If the government spends more than it earns—and cannot finance the gap by borrowing money—it will simply print more money, which is inflationary. https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp
Written by 4D7D97DD445D0DB8273B70ADC66176B8B1BB69EA6E3415575911FEAF399DDF48
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- noteId - 1824487940065489098
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- noteAuthorParticipantId - 4D7D97DD445D0DB8273B70ADC66176B8B1BB69EA6E3415575911FEAF399DDF48 Participant Details
- createdAtMillis - 1723826796915
- tweetId - 1824423313881416007
- classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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- summary
- Elon is not wrong. While not the only cause, printing money, i.e., increasing the money supply, is a driver of inflation. If the government spends more than it earns—and cannot finance the gap by borrowing money—it will simply print more money, which is inflationary. https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp
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