Birdwatch Note Rating
2024-08-21 18:44:20 UTC - HELPFUL
Rated by Participant: 39FA87B948931264B6E619F58FCFDB75B004E83E19BEC9D843E66FA0F1008D03
Participant Details
Original Note:
The US is issuer of the dollar: it issues 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. So much for a debt burden Gov interest spend is private sector *income* youtu.be/TDL4c8fMODk 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= https://t.co/HCq28piwQQ https://www.youtube.com/watch?v=lK_rYS8L3kI https://www.nytimes.com/2020/06/09/opinion/us-deficit-coronavirus.html
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