Birdwatch Note Rating
2023-08-05 18:01:00 UTC - NOT_HELPFUL
Rated by Participant: F1DC75E695F3B8B5EA0FD3E8D6739B02D1EF9A2B5F13C9DF1BC78BBE1B1B955E
Participant Details
Original Note:
The most important cause of price inflation is growth in the money supply in excess of economic growth. The Fed’s recent interest-rate hikes have caused the M2 money supply to drop. Thus, it is not surprising that inflation has dropped, nor is the drop caused by legislation. https://www.investopedia.com/terms/i/inflation.asp https://fred.stlouisfed.org/graph/?g=17AYv
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