Birdwatch Note Rating
2024-08-16 20:25:41 UTC - HELPFUL
Rated by Participant: CC1905D03C239E1C3CCFD87BC9D96EE6F2A3F6115F4F4F3C3A8EC31CC6B2C57E
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