Birdwatch Note Rating
2024-10-19 15:41:12 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 9FE67A705927491138B0847540F8946E2E41223CBDE6F737069BA57EEDD3510E
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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