Birdwatch Note Rating
2024-08-06 07:10:18 UTC - NOT_HELPFUL
Rated by Participant: AA962161EC38C3C0A7318CA643B66BAF563963E4373D73D3D629EB9C25A104C5
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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