Birdwatch Note Rating
2023-10-07 17:53:33 UTC - HELPFUL
Rated by Participant: 8B7493BE745F1AC91E8AF53E82F8C62B4D13DF172131A9CF41229C091B790AA0
Participant Details
Original Note:
Printing money in excess is inflationary, a concept known to the Austrian School of Economics as “Counterfeit”. Under the current Liberal Government, in 2019-2020 Central Bank Assets grew 456%, and that liquidity finds its way into the economy causing inflation: https://spencerfernando.com/2020/10/07/the-bank-of-canada-is-printing-money-like-crazy/
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