Birdwatch Note Rating
2024-05-09 01:32:34 UTC - NOT_HELPFUL
Rated by Participant: FE997645AAFBCCD63971912259D4D206A984E8CE6C1C109C44A49BE30EF016BF
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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