Birdwatch Note Rating
2024-08-06 08:58:28 UTC - NOT_HELPFUL
Rated by Participant: FACBAB702BB92221EB21EDDCC0C2C50673AC1390C1202DCE47B46883A7C99F0A
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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