Birdwatch Note Rating
2024-08-16 17:11:45 UTC - HELPFUL
Rated by Participant: 450FE80EC8AD3D384B6DF7B68A388F2330D2140BD1BC30EBF7341E093352C5AC
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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
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