Birdwatch Archive

Birdwatch Note Rating

2024-08-16 19:17:44 UTC - HELPFUL

Rated by Participant: 6B234E53B14BB3F00EC1C0D4D253D62D67304FB91FA486C05E93D2BD4F51F3DA
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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Original Tweet

All Information

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  • version - 2
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  • helpfulnessLevel - HELPFUL
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