Birdwatch Note Rating
2024-08-06 06:51:38 UTC - HELPFUL
Rated by Participant: DB5ADE8FE5A17D81E48820C6E41C47B43D81FCBC483D8BA5CF0509AB3C2EF4E7
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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