Birdwatch Note Rating
2024-08-06 06:40:58 UTC - HELPFUL
Rated by Participant: AE6E25717A48550E8262288E33EFE7E8942953B3D63775360EBDF7C5425A5C07
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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