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Birdwatch Note Rating

2024-08-17 21:40:08 UTC - HELPFUL

Rated by Participant: C02D1F764712A416B2D97B2F00391DAA01288B29A73077BD1F46B099BEC62E9C
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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