Birdwatch Archive

Birdwatch Note Rating

2024-08-29 04:53:19 UTC - NOT_HELPFUL

Rated by Participant: C1D9B2EAA54F01E87DA08F46D738BC9634170E4E99FB0DE84CCFDB6FB4CD7608
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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