Birdwatch Note Rating
2024-08-09 15:46:50 UTC - HELPFUL
Rated by Participant: 7C5BDB6589503D4AD2515BB698F3CA1500806AFD3206223946D1C40639353442
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Original Note:
The meme humorously highlights the complexity and often misunderstood nature of the Federal Reserve's role in the economy. The Federal Reserve is not a private corporation. It is an independent entity within the government, created by Congress in 1913. https://www.cato.org/publications/commentary/how-federal-reserve-literally-makes-money https://www.youtube.com/watch?v=JV5VtyBDLDg https://reason.com/podcast/2023/01/27/should-we-abolish-the-federal-reserve/ https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/aboutthefed/files/the-fed-explained.pdf
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