Birdwatch Note Rating
2024-12-03 12:09:17 UTC - NOT_HELPFUL
Rated by Participant: 10B9C1865FF771494D367DED8C1A0E8EA9F1CD66F2BEADA6154810A07FE47A7D
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