Birdwatch Note Rating
2024-10-19 17:34:09 UTC - HELPFUL
Rated by Participant: 365840FFB4B5BACC3DF4465CB3004362AC95585DD3C6377E67E74D4D704AF599
Participant Details
Original Note:
While the Federal Reserve has a broad structure that merges public & private sectors, it is indeed a federal entity created to serve public needs. The U.S. dollar's value is maintained through various economic & policy mechanisms rather than a traditional reserve system. https://www.federalreserve.gov/faqs/about_14986.htm https://vaulted.com/nuggets/what-backs-the-united-states-dollar/ https://www.bankrate.com/banking/federal-reserve/federal-reserve-misconceptions/
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