Birdwatch Note Rating
2024-08-06 08:09:26 UTC - HELPFUL
Rated by Participant: E848DB71A10D211C7BC9CC031153C01CD56F146C772D005AAC3C220FBCA8ECBC
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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