Birdwatch Note Rating
2024-03-14 13:06:58 UTC - NOT_HELPFUL
Rated by Participant: DB0D27B9A996C59DBC23D6D62584B1801D8F2C9641B13E5FDF23A06A2908AEC9
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