Birdwatch Note Rating
2024-08-17 11:33:06 UTC - NOT_HELPFUL
Rated by Participant: E9E8AFE1C6CC0E5EDE515E98C60A62C5D5A6C59741B33A22D93987B908C09BDD
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