Birdwatch Note Rating
2023-10-02 07:55:13 UTC - HELPFUL
Rated by Participant: 7EBCCB5D3BE86E8886F26A1C70A334A20A71B860E20474020F98EE3A4802A333
Participant Details
Original Note:
While the video does explain price variations due to supply and demand, it fails to mention the role of money supply in long term inflation “Inflation is caused when the money supply in an economy grows at faster rate than the economy’s ability to produce goods and services“ https://www.stlouisfed.org/education/feducation-video-series/episode-1-money-and-inflation#:~:text=Inflation%20is%20caused%20when%20the,to%20produce%20goods%20and%20services.
All Note Details