Birdwatch Note Rating
2024-08-16 20:38:34 UTC - HELPFUL
Rated by Participant: 5BF40210CAC866A0D5C7D300D9B262104092FE8D666CCF091FB4B0409F77E581
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