Birdwatch Note Rating
2024-08-16 18:20:35 UTC - HELPFUL
Rated by Participant: BFB34D9A5FEAFA05D557CE8BB7E48ACA00EE7FEF121DF62DA5F0917FB4CA387D
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