Birdwatch Note Rating
2024-08-06 07:55:02 UTC - NOT_HELPFUL
Rated by Participant: 74E496F90D4C30985A55AA0F2F056A2B26DF4ED25A47A73D50B2D4AB9709CE69
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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