Birdwatch Note Rating
2024-08-06 10:52:01 UTC - NOT_HELPFUL
Rated by Participant: 9AAD3C876E5C6E38D1963F134854E7894911D878FE5FE1166BD594C423488DF1
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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