Birdwatch Note Rating
2023-03-16 01:48:57 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 53898DB17ECDDB8648EEF935CB6A549F98569E6619DAFF240C313863886015F6
Participant Details
Original Note:
Inflation is caused by a rapid growth in money supply and demand out pacing supply partially due to money supply increase. Reich makes the corporate greed argument regularly. It is not supported in academia and has been repeatedly debunked. https://www.jstor.org/stable/1830192 https://www.bankofcanada.ca/2023/03/understanding-the-reasons-for-high-inflation/ https://www.wsj.com/articles/powell-printing-money-supply-m2-raises-prices-level-inflation-demand-prediction-wage-stagnation-stagflation-federal-reserve-monetary-policy-11645630424 https://www.economicshelp.org/blog/797/economics/why-printing-money-causes-inflation/ https://reason.com/2023/01/23/robert-reich-is-wrong-corporate-greed-isnt-to-blame-for-egg-prices/
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