Birdwatch Note Rating
2024-08-17 19:58:05 UTC - HELPFUL
Rated by Participant: C40319A687F1B92386FC47E64595B9C81E6E3426ABED0923246869ED06D47B00
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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