Birdwatch Note Rating
2024-08-03 04:21:01 UTC - HELPFUL
Rated by Participant: 0A15086B85D2B4C2187242FBB228AC91D17855768CEAE429DE33414E7FA34805
Participant Details
Original Note:
The video repeatedly compares the UK finances to a credit card, wallet or household budget. This is not the case, and the UK issues its own currency and the govt lends to itself on it's own terms. https://www.taxresearch.org.uk/Blog/2019/11/11/the-uk-government-is-not-like-a-household-and-does-not-have-a-household-type-budget-thats-because-it-quite-literally-makes-the-money-the-rest-of-us-use-so-lets-stop-pretending-it-has-a-credi/
All Note Details