Birdwatch Note Rating
2024-08-21 18:45:38 UTC - HELPFUL
Rated by Participant: 39FA87B948931264B6E619F58FCFDB75B004E83E19BEC9D843E66FA0F1008D03
Participant Details
Original Note:
The US issues its own currency: 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. Debt service as a % of GDP is smaller than in the 1970s So much for a debt burden https://youtu.be/mmuysv17T9M https://youtu.be/GHnW_V5dfu0
All Note Details