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The article doesn't talk about fractional reserve. It talks about commercial banks creating money by extending loans. It also talks about QE as another way of c
by kccqzy 5y ago
The article doesn't talk about fractional reserve. It talks about commercial banks creating money by extending loans. It also talks about QE as another way of creating money by the central bank, when commercials banks aren't creating enough money.
- nabla9 5y agoThat's not what quantitative easing is. Central banks are passing private banks in their money creation.