Birdwatch Note Rating
2024-08-06 10:31:54 UTC - HELPFUL
Rated by Participant: 1A064E6F04F75F3FA5804F03DABB38BD57A585A83D05BA1A5560F11CF08339BA
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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