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Hm, this ignores several realities, such as central banks getting their money for free from the government. But, I'm not going to nitpick.
by phendrenad2 4y ago
Hm, this ignores several realities, such as central banks getting their money for free from the government. But, I'm not going to nitpick.
- college_physics 4y agoI am not ignoring it. Thats why its called "sovereign money".
- phendrenad2 4y agoYes you are, right about where you say "all electronic money is private bank money, only as good as the credit of said private entity".