Birdwatch Note Rating
2024-08-16 22:25:55 UTC - HELPFUL
Rated by Participant: 409656ADA8B83A56D54E797B1E21975964F30CB5EBFC884CB536412C9F5C8BA9
Participant Details
Original Note:
NNN. When the government runs a deficit, the U.S. Treasury issues bonds to finance it. Money is ‘printed’ to buy these bonds. More money supply increases prices. This is thus a mechanism that causes inflation. https://www.forbes.com/sites/williammeehan/2020/10/21/can-the-federal-reserve-print-money-forever-or-how-continuing-to-print-money-to-support-deficit-spending-may-end-badly-with-chinas-help/
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