Birdwatch Note Rating
2023-03-15 16:23:52 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B1C14CFDC3E044EA3D6730B0E8765BC8950E14B290C954F4BC8E6CD65D436A5E
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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