Birdwatch Note Rating
2024-08-16 22:11:07 UTC - HELPFUL
Rated by Participant: 5A96346ECA8BF31FE84402286924DEEC8E9B6572AEF98DA8A9F6CFF646E49D81
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