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>They have no constraint on this as when they advance credit they do so by creating it. It blew my mind that this is how money is created. What would be the d
by bluthru 10y ago
>They have no constraint on this as when they advance credit they do so by creating it.
It blew my mind that this is how money is created.
What would be the downside of banks having to buy this money from the government instead of creating it for free?
- branchless 10y agoA bunch of scumbags who add no value would have less resources. Wait I guess that's not a downside. Funny how money creation isn't on the curriculum, isn't it?