Birdwatch Note Rating
2024-12-03 15:26:26 UTC - NOT_HELPFUL
Rated by Participant: 227B95CDC116E5E21BFA7E4BA4DD4949D1B482B47304934B6CC8AC5227FCCE96
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