Birdwatch Note Rating
2024-08-17 18:56:25 UTC - HELPFUL
Rated by Participant: 147B6040E25B751090AA9F4CA5714C4FA7F0AB8C3BE67B1BC98E2DC8F4B059E9
Participant Details
Original Note:
Elon is not wrong. While not the only cause, printing money, i.e., increasing the money supply, is a driver of inflation. If the government spends more than it earns—and cannot finance the gap by borrowing money—it will simply print more money, which is inflationary. https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp
All Note Details