Birdwatch Note Rating
2024-05-09 06:56:07 UTC - NOT_HELPFUL
Rated by Participant: 6808CAA8332A3AD6CEE0D3ABEB67787010E560B0035690185ABE40D3FB784B1B
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