Birdwatch Note Rating
2024-08-06 07:35:02 UTC - HELPFUL
Rated by Participant: 9B7771848649E1EA42F33C4DBF04A6339948B766E4A1CCF23E4C9BED934D090E
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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