Birdwatch Note Rating
2024-08-06 06:29:19 UTC - HELPFUL
Rated by Participant: 6D10455D6E029F8EE2C410468D976135EAD33E282AEB3C21173D7E4440676E88
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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