Birdwatch Archive

Birdwatch Note Rating

2024-08-17 17:26:42 UTC - NOT_HELPFUL

Rated by Participant: E2872CB32811467120AC6FFAF2EAF34A3CEDA82D454296E0EC7B930BCE2F1F68
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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