Birdwatch Note Rating
2024-03-14 13:01:47 UTC - NOT_HELPFUL
Rated by Participant: BA457B6B4D22CE03FC38A8130DDBE66BAA5509F3874891B1B83D2CA7499F177C
Participant Details
Original Note:
The UK is a sovereign currency issuer, taxation hasn't funded Govt spending since Bretton-Woods ended in 1971. Further, something being "unfunded" is a product of arbitrary payback assumption made in the budget model. Explanation of treasury accounting: https://x.com/malcolm_reavell/status/1685589853214220288?s=46&t=t31znkurlEmNGMU4EYog2g
All Note Details