Birdwatch Note Rating
2024-03-14 09:03:43 UTC - HELPFUL
Rated by Participant: DD7F019662D1259910DD7FC1FF08FF94930CED92206275AFD835A42B1A2ACCB4
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