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>The bank lends it out up to the multiple allowed by the fractional reserve system Banks are not reserve constrained, and anyone can create as much credit as t
by stupidhn 9y ago
>The bank lends it out up to the multiple allowed by the fractional reserve system
Banks are not reserve constrained, and anyone can create as much credit as they wish.
- lr4444lr 9y agoReally? Explain that to the people in charge[0]. [0]https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm