Birdwatch Note Rating
2024-10-19 16:48:00 UTC - HELPFUL
Rated by Participant: B937FA957EE483538D7747B3BF15DB8CA3C8FA4D043B2EB631243BC5CF9EADBE
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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