Birdwatch Note Rating
2024-08-06 06:20:40 UTC - HELPFUL
Rated by Participant: 8A873CA2D28CE25D0EE7A33FF1951305616DCF577B6F638A657C5BB2C57116D9
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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