Birdwatch Note Rating
2024-08-18 01:50:04 UTC - NOT_HELPFUL
Rated by Participant: 4E759AE84EBD6A62715E1F3EEBAD5DDBA4F40E1A96A79A9A7D87A8FE529ED3BB
Participant Details
Original Note:
Elon is partially correct…but… The main driver of recent US inflation is the 40% increase in M2 money supply from the CoVID economic stimulus packages. Ongoing Government overspending is also a serious problem but not the main driver of current inflation. https://www.ftportfolios.com/Commentary/EconomicResearch/2021/11/15/inflation-returns
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