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> No, I would have had to have just $1B You're right - I misread. > Also, the Fed doesn't need the $1B, it can create it and then destroy it when it's deposit
by anamax 16y ago
> No, I would have had to have just $1B
You're right - I misread.
> Also, the Fed doesn't need the $1B, it can create it and then destroy it when it's deposited back.
It's not quite that simple. Everything is okay until it isn't deposited back. Then there's an extra $1B in the economy.