Birdwatch Note Rating
2024-05-09 04:53:12 UTC - NOT_HELPFUL
Rated by Participant: DCECC8BF019FDF54FD60D8F47F97F67F751973791A4D43CA5C55825E8734A8F0
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