Birdwatch Note Rating
2024-12-15 00:52:53 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F1A68788FF7362C6B2D17CE6B030042194AD99818D1A727F0449ECB689F3A054
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