Birdwatch Note Rating
2024-12-01 11:38:11 UTC - NOT_HELPFUL
Rated by Participant: F2CFFCEB4DEB9A3576E5C1B444800EA970755E1E07B6990D1D50AE3588990D23
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