Birdwatch Note
2024-10-26 18:32:11 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING
The $35.8T U.S. debt (~$103,700 per capita) reflects public savings in private hands, not a household debt burden. Treasuries convert dollars into secure, interest-bearing assets, issued to manage rates, not to raise money. Inflation—not insolvency—is the real concern. https://www.publicaffairsbooks.com/titles/stephanie-kelton/the-deficit-myth/9781541736207/ https://www.treasurydirect.gov/marketable-securities/ http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf https://www.peri.umass.edu/publication/item/449-modern-money-theory-a-response-to-critics https://press.princeton.edu/books/hardcover/9780691159126/why-minsky-matters
Written by F2A9022707B805AFDA67C256559E373740D710D56FFDC3B13CD755EDC8304921
Participant Details
Original Tweet
Tweet embedding is no longer reliably available, due to the platform's instability (in terms of both technology and policy). If the Tweet still exists, you can view it here: https://twitter.com/foo_bar/status/1848796002444316797
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All Information
- ID - 1850244048302514519
- noteId - 1850244048302514519
- participantId -
- noteAuthorParticipantId - F2A9022707B805AFDA67C256559E373740D710D56FFDC3B13CD755EDC8304921 Participant Details
- createdAtMillis - 1729967531645
- tweetId - 1848796002444316797
- classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
- believable -
- harmful -
- validationDifficulty -
- misleadingOther - 1
- misleadingFactualError - 1
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- summary
- The $35.8T U.S. debt (~$103,700 per capita) reflects public savings in private hands, not a household debt burden. Treasuries convert dollars into secure, interest-bearing assets, issued to manage rates, not to raise money. Inflation—not insolvency—is the real concern. https://www.publicaffairsbooks.com/titles/stephanie-kelton/the-deficit-myth/9781541736207/ https://www.treasurydirect.gov/marketable-securities/ http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf https://www.peri.umass.edu/publication/item/449-modern-money-theory-a-response-to-critics https://press.princeton.edu/books/hardcover/9780691159126/why-minsky-matters
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