Birdwatch Note Rating
2023-06-28 21:18:12 UTC - HELPFUL
Rated by Participant: 7D363513B19A6C9098F136E8FF71C42089881D091EA3299F8BC102B143F6C170
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Original Note:
The causes of inflation are complex but economists generally agree that large increases to the money supply (absent increased demand to offset) leads to higher inflation. Donald Trump increased the M2 money supply by $6tn during his term. Biden increased the M2 by $1.5tn. https://fred.stlouisfed.org/series/M2SL https://www.investopedia.com/terms/m/m2.asp#:~:text=M2%20is%20seen%20as%20a,assets%20held%20by%20financial%20institutions.
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