Birdwatch Note Rating
2024-12-02 17:56:24 UTC - NOT_HELPFUL
Rated by Participant: 002ADDCBF2E4A2F363B766024F866D803ED65C8AF3759C3E3C75C43B3905CC55
Participant Details
Original Note:
While the US government does borrow money by issuing bonds (creating national debt), this borrowing occurs in the open market, not directly from the Fed. Private investors, foreign governments, and other institutions buy these bonds. The Dept. of Treasury prints currency https://www.federalreserve.gov/faqs/why-is-the-federal-reserve-paying-banks-interest.htm https://home.treasury.gov/services/currency-and-coins#:~:text=U.S%20currency%20is%20produced%20by,U.S.%20Department%20of%20the%20Treasury
All Note Details