Birdwatch Note Rating
2023-10-23 22:31:21 UTC - HELPFUL
Rated by Participant: 619B1501A4EEA92BB94FB5A1C1E99375BF9CD7F88D1A605EC975F0E24A46E543
Participant Details
Original Note:
He is blaming increased housing costs solely on inflation & interest rates. He implies he can reduce inflation by reducing gov't spending. He can't. It's not a large contributor to inflation. The most effective way to control inflation is to raise interest rates. https://www.forbes.com/sites/qai/2022/08/25/does-government-spending-cause-inflation/ https://www.theguardian.com/commentisfree/2021/jun/03/governments-worrying-about-inflation-damage-recovery https://www.bankofcanada.ca/2023/03/understanding-the-reasons-for-high-inflation/ https://nationalpost.com/pmn/high-government-spending-means-more-inflation-its-complicated-economists-say
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