Everybody can multiply money, but only the government (and it’s entities) can make it. Turns out, multiplying money is way more impactful than making it, much

Everybody can multiply money, but only the government (and it’s entities) can make it. Turns out, multiplying money is way more impactful than making it, much to the confusion of people who learned economics when M2 money supply was an economically relevant metric. (This phenomenon manifested as the Fed targeting interest rates rather than money supply, starting in the late 20th Century).