Birdwatch Note Rating
2024-08-16 17:07:37 UTC - NOT_HELPFUL
Rated by Participant: 27BEB1EADF2EDD124B2A59303C130174D0333BB7A5B304D31DB3B28E347FA682
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