Birdwatch Note Rating
2024-08-17 18:58:02 UTC - NOT_HELPFUL
Rated by Participant: 8B11442F3CCCEC056085EF1BF0517315330D25C805C11C66480574521508203B
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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