Birdwatch Note Rating
2023-05-31 03:53:09 UTC - HELPFUL
Rated by Participant: 8008603D3AB077F65144C2CFA100110CB2E989E3DE15381769F4398BF1412C8C
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Original Note:
Corporate profits have nothing to do with inflation, because they have nothing to do with the money supply. In the United States, inflation is created by Washington DC, and nowhere else. https://www.washingtontimes.com/news/2023/mar/27/economist-milton-friedmans-long-ago-lesson-on-infl/#:~:text=The%20final%20word%20on%20the,currency%20again%20on%20social%20media.
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