Birdwatch Archive

Birdwatch Note Rating

2024-08-16 19:49:31 UTC - NOT_HELPFUL

Rated by Participant: 6E7F4FD1937A96D0D4995D5D299ED3773F34C8F9F3710E83BC6FBF8DEFE386EC
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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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All Information

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