Birdwatch Note Rating
2024-08-02 22:02:39 UTC - NOT_HELPFUL
Rated by Participant: D2328457A6927602967D14A719263CCE252279E62BC5D0FF0C00030EE163D999
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