Birdwatch Note Rating
2023-10-05 21:01:52 UTC - HELPFUL
Rated by Participant: 8B55893394192E7199A39AFFB2B412B5F92B0126DADF464E56531E1FF141732D
Participant Details
Original Note:
Additional debt-based spending causes inflation. In addition, direct debt relief causes increased demand for goods and services, further causing inflation. Inflation hurts everyone except large debtholders. https://www.aier.org/article/does-government-spending-lead-to-inflation/#:~:text=In%20practice%2C%20central%20banks%20often,spending%20itself%2C%20that%20drives%20inflation.
All Note Details