Birdwatch Note Rating
2023-08-02 14:39:50 UTC - HELPFUL
Rated by Participant: 38CA4A28925DBFB6D65CE37C074C604B9B192B550AB877839C771AE2C7CEBEE1
Participant Details
Original Note:
Inflation increased in the U.S. due to a combination of supply shocks and expansionary monetary and fiscal policy. Military spending has been falling as a % of GDP, and inflation has remained below 3% for decades, questioning the idea of a corporate greed hypothesis. https://www.macrotrends.net/countries/USA/united-states/military-spending-defense-budget https://www.wsj.com/articles/why-inflation-erupted-two-top-economists-have-the-answer-6919042c https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-
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