Birdwatch Note Rating
2024-12-01 07:00:24 UTC - HELPFUL
Rated by Participant: 1DED58607E1FB9209B55E07ED2C2ADA130E34764DA4B89DF0FF594DEF3CC81EA
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