Birdwatch Note Rating
2024-08-17 01:00:49 UTC - HELPFUL
Rated by Participant: 8EC181181A8D80492910FC06B7E1226DFB93BDAF31ABFC99BC0DDADEA1B2E9B6
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/
All Note Details