Birdwatch Note
2024-08-16 17:40:45 UTC - NOT_MISLEADING
NNN. When the government runs a deficit, the U.S. Treasury issues bonds to finance it. Money is ‘printed’ to buy these bonds. More money supply increases prices. This is thus a mechanism that causes inflation. https://www.forbes.com/sites/williammeehan/2020/10/21/can-the-federal-reserve-print-money-forever-or-how-continuing-to-print-money-to-support-deficit-spending-may-end-badly-with-chinas-help/
Written by EB4C166BD3D6E08F639C0E8F46E696E75A1E8C29BF2796E1EC6AF367BA0E45BB
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Original Tweet
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All Information
- ID - 1824501564049862719
- noteId - 1824501564049862719
- participantId -
- noteAuthorParticipantId - EB4C166BD3D6E08F639C0E8F46E696E75A1E8C29BF2796E1EC6AF367BA0E45BB Participant Details
- createdAtMillis - 1723830045125
- tweetId - 1824410315422871867
- classification - NOT_MISLEADING
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- summary
- NNN. When the government runs a deficit, the U.S. Treasury issues bonds to finance it. Money is ‘printed’ to buy these bonds. More money supply increases prices. This is thus a mechanism that causes inflation. https://www.forbes.com/sites/williammeehan/2020/10/21/can-the-federal-reserve-print-money-forever-or-how-continuing-to-print-money-to-support-deficit-spending-may-end-badly-with-chinas-help/
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