Birdwatch Note Rating
2023-07-12 17:56:08 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2B49E4F4F0703FC4FC1D378E6DD12867D48A14CED8A0D728B613C6BEA16C1986
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Original Note:
Inflation is a monetary phenomenon. When the government prints trillions of new dollars, like the Biden Admin has done the past 2.5 years, the money supply goes way up. This results in too many dollars chasing too few goods causing prices to rise. https://www.economicshelp.org/blog/797/economics/why-printing-money-causes-inflation/
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