Birdwatch Note Rating
2023-03-15 20:03:43 UTC - HELPFUL
Rated by Participant: FDCE1FE4470B33669F34D45F9B6CB883DE6481C8083E9B6C6BBDB117B038287F
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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