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Withdrawals go elsewhere and the central bank system then lends them back to the original source. In aggregate you just end up with a lot of label swapping. All
by neilwilson 8y ago
Withdrawals go elsewhere and the central bank system then lends them back to the original source.
In aggregate you just end up with a lot of label swapping.
All that changes is the cost of the liabilities.
- pgorczak 8y agoIf I swap my labels wrong I can still go bankrupt though.