Birdwatch Note Rating
2024-08-06 09:38:10 UTC - HELPFUL
Rated by Participant: 85BF40D83F3C2C66038384EF5713B0F32E61D7DA8CE969B50A7BAABB2EA4DEA7
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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