Birdwatch Note Rating
2023-03-15 16:48:27 UTC - HELPFUL
Rated by Participant: 5EDC2B8BBEA2C25FBA40E8849AF6DD751A4AE52F674E4E2311C09F82909AD4F8
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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