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In 2008 the German government guaranteed ALL bank accounts, WITHOUT a limit. > As German leaders and bankers worked feverishly to rescue a lender considered to
by 781 7y ago
In 2008 the German government guaranteed ALL bank accounts, WITHOUT a limit.
> As German leaders and bankers worked feverishly to rescue a lender considered too big to fail, the government announced Sunday that it would guarantee all private savings accounts in Germany - worth about €500 billion - in an effort to reinforce increasingly shaky confidence in the financial system.
https://www.nytimes.com/2008/10/05/business/worldbusiness/05iht-hypo.4.16708030.html https://www.nytimes.com/2008/10/05/business/worldbusiness/05...
- nickelcitymario 7y agoHow does this address the question of whether printing more currency increases the supply of money?