Birdwatch Note Rating
2024-08-16 19:55:34 UTC - SOMEWHAT_HELPFUL
Rated by Participant: DA25F34B460C1C002497210100A1E09F74C42D443ED2971C5C691936CDEBEFEE
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