Birdwatch Note Rating
2024-12-01 08:03:44 UTC - HELPFUL
Rated by Participant: 8A8858B66AA50249EF0D216D8EAE7F8FC5FC8E58314799D96DAAE11F80F56C76
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