4 ms·
It’s only useful for criminals because it’s allowed to be converted. The Fed didn’t print infinite money. The government borrows the money it spends and pays i
by dd36 4y ago
It’s only useful for criminals because it’s allowed to be converted.
The Fed didn’t print infinite money. The government borrows the money it spends and pays interest.
- UncleEntity 4y agoThey borrow (a large portion of) the money from themselves a.k.a. monetizing debt.
- dd36 4y agoAnd so do consumers when they borrow from a bank. It’s not some mysterious black box.