Birdwatch Note Rating
2024-08-17 01:51:50 UTC - HELPFUL
Rated by Participant: 8B81590C89A875E8F32E25DFF4CE1461BB88D2333A5EE20FAE4C0A9A6D4C45C2
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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