Birdwatch Note Rating
2024-12-01 05:19:56 UTC - NOT_HELPFUL
Rated by Participant: 9EC59594DE72F49ABA85DB93BD587040289D41EBE22929AA9A6FBE7D7DA27940
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