Birdwatch Note Rating
2024-12-01 05:27:53 UTC - NOT_HELPFUL
Rated by Participant: C9E93159E738F24853DF2F5013F195BD5A7B4A2E9A29C32E9052475F1AD4BE2C
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