Birdwatch Note Rating
2024-09-21 16:28:34 UTC - NOT_HELPFUL
Rated by Participant: 6E518F0C547D78197FDA0A863CD8B44D1C6B651ED3330C9212C92EA92127910B
Participant Details
Original Note:
UK has its own currency, the pound: it issues out of thin air two types of points on a spreadsheet: cash and bonds, and swaps these on demand (“repayment”). It sets interest on its own debt, via the central bank. There are no other pounds in existence. https://youtu.be/GHnW_V5dfu0 https://www.nytimes.com/2020/06/09/opinion/us-deficit-coronavirus.html http://www.latimes.com/opinion/op-ed/la-oe-kelton-pony-for-all-20170929-story.html https://mobile.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html?_r=0&referer=
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