Birdwatch Note Rating
2023-12-24 09:59:11 UTC - NOT_HELPFUL
Rated by Participant: 94388E3CC445DC1A5E86E1D3CEE7EC9D576072CD0AE4F6394E55DB3282F80151
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
All Note Details