Birdwatch Note Rating
2024-12-10 14:07:11 UTC - NOT_HELPFUL
Rated by Participant: 3B281EB7E06C4BEC9BE5611C48840669D91378564443ABA7BE8A9D6701891C58
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