Birdwatch Note Rating
2024-05-09 02:58:05 UTC - NOT_HELPFUL
Rated by Participant: 190C220EA5F68D291C65A56E06A8C3D444D0ED28E554DDD816EDBBA8353829ED
Participant Details
Original Note:
The definition of M1 money supply was changed in May of 2020 to include savings accounts, given the relative increase in liquidity of those accounts over the preceding years. This accounts for the sharp increase, rather than an increase in money printing. https://www.investopedia.com/terms/m/m1.asp#:~:text=note%20that%20in%20may%202020%2C%20the%20definition%20of%20m1%20changed%20to%20include%20savings%20accounts%20given%20the%20increased%20liquidity%20of%20such%20accounts.
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