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I know you think it works that way. But can you point to any authoritative evidence that it works that way? A simple statement on a Federal Reserve web site s
by stretchwithme 11y ago
I know you think it works that way. But can you point to any authoritative evidence that it works that way?
A simple statement on a Federal Reserve web site stating that such a bank has to keep deposits and that the loan comes from new money created should be sufficient.