Birdwatch Note Rating
2024-08-06 07:15:06 UTC - HELPFUL
Rated by Participant: F1BA00ADC57A198AEA7F9DC69FD42FFC8DC8E39C9182F66C735BFA26DEE6AD94
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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