Birdwatch Note Rating
2024-08-18 06:21:12 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8744FBBF5FA634AD9240613DE03A0C76CCB7860050DA10D3F17F25F8B229037B
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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