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Right, if you have US government bonds (or a bond fund) in your 401k, that's included in the total. Your savings is also loaned out to others, and counts toward
by ericd 8y ago
Right, if you have US government bonds (or a bond fund) in your 401k, that's included in the total. Your savings is also loaned out to others, and counts toward this number.
- RobertoG 8y agoBanks don't lend savings (1). They create the money that lend. 1 - http://archive.economonitor.com/lrwray/2013/08/15/banks-dont-lend-reserves-who-knew-mmt-thats-who/ http://archive.economonitor.com/lrwray/2013/08/15/banks-dont...