Birdwatch Note Rating
2023-03-15 16:11:41 UTC - NOT_HELPFUL
Rated by Participant: 8F80B5E0514493EC3BE151EB8DB482531F0D4671B9F7D869FB68AC8633455BD5
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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