Birdwatch Note Rating
2023-12-23 17:26:59 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5F3FEEEA4B65ED345DAE872C369EBD16D567DEAC24EF4BC2780EA275F1673238
Participant Details
Original Note:
This creates a false assumption that its the FED's fault for the devalue of the currency, but this is not true. Before the FED the US dollar was losing value without any American central bank. For example, 1858 to 1865 https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/ Economic theory on inflation and economic growth https://europe.pimco.com/en-eu/resources/education/understanding-inflation#:~:text=As%20an%20economy%20grows%2C%20businesses,the%20rate%20of%20inflation%20increases. https://www.cato.org/policy-report/november/december-1999/does-growth-cause-inflation https://www.investopedia.com/articles/06/gdpinflation.asp https://observationsandnotes.blogspot.com/2011/04/100-year-declining-value-of-us-dollar.html
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