Birdwatch Archive

Birdwatch Note Rating

2024-08-17 12:36:06 UTC - NOT_HELPFUL

Rated by Participant: 6F8D7F3F1DB7D39EA38A5DD7DDB7779C4CE331EAEC528C24A8A6F42523FB04E3
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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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