3 ms·
Cantillon effect says it's just a matter of how "close to money" you are. So living under a central bank is good, but borrowing directly from one is best.
by pragmar 4y ago
Cantillon effect says it's just a matter of how "close to money" you are. So living under a central bank is good, but borrowing directly from one is best.
- imtringued 4y agoHas anyone created an alternative banking system that is only using central bank money and skips over commercial banks completely? I swear people have no clue how banking works.
- cuteboy19 4y agoChina is on the way to doing exactly this. There are plans for an Indian equivalent but it's less likely to happen