Birdwatch Note Rating
2024-08-07 01:14:49 UTC - NOT_HELPFUL
Rated by Participant: A57F33B167DEC0FF98D5AEB6B78FCD68B8AC279BF011E3F3E6B34ED1F55F2D98
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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