Birdwatch Note Rating
2023-10-05 19:28:05 UTC - HELPFUL
Rated by Participant: C00D346ED4DF67D52F818CF39F61EDEB08CEE68A7DBD02476B1CB7011899CC0B
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.
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