Birdwatch Note Rating
2024-08-06 23:07:14 UTC - NOT_HELPFUL
Rated by Participant: 4CE284A70254D19C7994A0C577621C475FE97BC48A7B9D961C4B92798DB5D0F6
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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