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Is that much better than printing money and distributing the new money to major banks? That is what the US government is doing now. Most countries do a combin
by mahyarm 15y ago
Is that much better than printing money and distributing the new money to major banks? That is what the US government is doing now. Most countries do a combination of distributing newly printed money to domestic banks and the government itself.
- caf 15y agoYou know that they don't just give the money away to banks, right? It's loaned. They have an obligation to repay it.
- erichocean 15y agoThanks for that. I needed a good laugh today. :-)
- npongratz 15y agoFine, money is loaned to a bank, and they have an obligation to repay the loan. With what does said bank repay the loan? Money, of course. Where does that money come from? Ultimately: other loans. "It's loans all the way down..."