Birdwatch Archive

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2024-08-17 18:55:57 UTC - NOT_HELPFUL

Rated by Participant: 8B11442F3CCCEC056085EF1BF0517315330D25C805C11C66480574521508203B
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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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