Birdwatch Note Rating
2024-08-17 12:00:11 UTC - HELPFUL
Rated by Participant: FFD1C7743D235DC47ED69DB7B63FEA6615D7B4D98E8BE6E7FC260A59B06893F7
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
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