Birdwatch Note Rating
2024-12-01 13:37:39 UTC - NOT_HELPFUL
Rated by Participant: 67281266F9DA5C1B6EBB268B519CE94BFA3C2486360BEB566D5E2FB6D2EF31B3
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