Birdwatch Note Rating
2024-12-01 07:17:56 UTC - HELPFUL
Rated by Participant: 57F2128C9B9AB99883CFA09F516A4AC5773DAB2BBF61F3096FC6A2A497D5312C
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