3 ms·
Small banks can create money but only the Federal Reserve "sets the price" of money. The latter is arguably much more important.
by kylebenzle 3y ago
Small banks can create money but only the Federal Reserve "sets the price" of money. The latter is arguably much more important.
- napsec 3y agoThe fed has tools they use to influence the value of money, that's true and part of their core mandate. But it's a massive oversimplification to say that they set the price of money.