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Not just the Fed; anyone can create "money" out of nothing. Getting others to accept that money is the tricky part. There's nothing unethical about it. How d
by forgetsusername 10y ago
Not just the Fed; anyone can create "money" out of nothing. Getting others to accept that money is the tricky part. There's nothing unethical about it.
How do you suggest money should be created? By wasting labour and capital and polluting the environment to dig it out of the ground?
The fact that it's cheap and easy to create (and destroy) according to supply and demand is a benefit.
- breischl 10y ago>>... anyone can create "money" out of nothing. Getting others to accept that money is the tricky part. Indeed, especially since creating your own currency is illegal in many (most? all?) countries.