Birdwatch Note Rating
2024-05-09 09:36:49 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 48CE827CFF7DE97BB02D13DD87572C3690062583AADC10B2C6F9CEBFFFCC8188
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.
All Note Details