Birdwatch Note Rating
2024-12-02 03:52:07 UTC - NOT_HELPFUL
Rated by Participant: 2EB0C77D6287F42FB7AEE540FBC3E03512A191C4F05A0ED372E3058586871289
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