Birdwatch Note Rating
2024-08-06 07:37:29 UTC - HELPFUL
Rated by Participant: F97D65174BBA667411D80B57C09661718548438AEAAA58FCFAFB324740DA98F7
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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