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They create money via debit issuance. You’re not wrong, but they in fact just created 3T+ dollars that kinda went everywhere unaccounted for. It’s just easier
by mylons 6y ago
They create money via debit issuance. You’re not wrong, but they in fact just created 3T+ dollars that kinda went everywhere unaccounted for.
It’s just easier to say they can print money because the common man doesn’t quite understand how debt translates into new money.
- quxpar 6y agoYou're like halfway through the expanding-brain meme. It ends with 'actually, they just add a few zeroes to a few balance sheets, printers don't need to be involved'. All this theory around debt is a rationalization of the money printer.
- mylons 6y agoHaha o/
- thoughtstheseus 6y agoOr cut off a few zeros and slap on a new name like Iran just did.