Birdwatch Note Rating
2024-12-03 10:28:24 UTC - HELPFUL
Rated by Participant: D223B6605BBF8F2224CF0D1BBAA43CBBA5155B11F7929EFB2B65D35F462553E3
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