4 ms·

Did you know that most dollars in circulation were created by non-governmental actors like banks?

• sfe22 4y ago
  Who granted banks the ability to create dollars?
  • deleted 4y ago
    [deleted]
  • CydeWeys 4y ago
    That's literally just how banks (and economics) work. Been like this for thousands of years. Every time a loan is issued, dollars are created. https://en.wikipedia.org/wiki/Money_creation https://en.wikipedia.org/wiki/Money_creation