4 ms·
The accounting is tied to the Federal Reserve by mere bookkeeping for the bulk of it. If the banks are short on cash, they have the fed just print it for them.
by rabuse 7y ago
The accounting is tied to the Federal Reserve by mere bookkeeping for the bulk of it. If the banks are short on cash, they have the fed just print it for them.
- iambateman 7y agoThis is what I imagined and would seem to prevent the vault-size problem. Interesting.