Birdwatch Note Rating
2025-02-15 01:07:10 UTC - HELPFUL
Rated by Participant: F8B482BCBD8ABF54ADA8E65E8ED1D7DE77354F5E36F653D0BE72899E4EF48B10
Participant Details
Original Note:
Image is false. 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 & other institutions buy these bonds. The 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