Birdwatch Note Rating
2024-12-13 21:07:46 UTC - NOT_HELPFUL
Rated by Participant: 8F20DC502BC63FC40B1535DC2F809E7FD061868A2BD0661F50AD01D0ABD1D14C
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