Birdwatch Note Rating
2024-08-06 11:37:19 UTC - NOT_HELPFUL
Rated by Participant: 130B44E72906F25E47D7102C7F55C0A672C92E8583711FF1EEBE271FCF5B0BEB
Participant Details
Original Note:
The largest source of government revenue is taxes, not printing money. When the Fed buys Treasury securities, it credits the reserve accounts of banks with the money. This can increase the money supply, but it’s not the same as printing money in the traditional sense https://www.federalreserve.gov/monetarypolicy/openmarket.htm https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-federal-government
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