4 ms·
> Either you have dollars/gold in a vault or you don't. Just fyi, that's not how money (fiat, bank money, whatever you want to call it) works in today's econom
by c7b 4y ago
> Either you have dollars/gold in a vault or you don't.
Just fyi, that's not how money (fiat, bank money, whatever you want to call it) works in today's economy:
https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...