Birdwatch Note Rating
2024-08-06 06:38:56 UTC - NOT_HELPFUL
Rated by Participant: 514560652872CF2EAEF4B1950FF32C83BF8AF6B4CBC415AF36C28976A2E952EE
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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