2 ms·
No, it is worse in practice. A central bank prints money, gives it to blessed private banks, who then loan it to the government so they can get tax dollars in i
by zanny 9y ago
No, it is worse in practice. A central bank prints money, gives it to blessed private banks, who then loan it to the government so they can get tax dollars in interest for nothing. If the government had printed the money directly they would have spent less on it, but then fewer billionaires would be richer on the taxpayer dollar so that obviously can't happen.