Birdwatch Note Rating
2024-12-01 07:07:18 UTC - HELPFUL
Rated by Participant: 9D091A174BD71DD42E66A3E3B873BD6842D7B1EEA700329EB17173AD7EF26472
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