Birdwatch Note Rating
2024-08-16 19:08:31 UTC - HELPFUL
Rated by Participant: AAD7F946F5BE6F7CC7D9F1CCE75D9E9797ADC837C4C51150B0A3EEFEF449402E
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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