Birdwatch Note Rating
2024-12-01 20:30:42 UTC - NOT_HELPFUL
Rated by Participant: 2E39AECEA208AC3BB7E45D4FC4145B3B5F42078E3C0E9FA9D2FD04686AECCDB9
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