4 ms·
Private banks create money and that is being pulled back faster than the central bank can try to inject it.
by amiga_500 6y ago
Private banks create money and that is being pulled back faster than the central bank can try to inject it.
- jkhdigital 6y agoExactly, private banks create money by issuing debt and if consumers are using the printed money to pay down debt then no inflation (just a transfer of debt from private balance sheets to the government).