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B is creditworthy. That’s why I leant it to him. If I have an issue with liquidity I go to the discount window of my central bank and they will lend me the mone

by JackFr 2y ago

B is creditworthy. That’s why I leant it to him. If I have an issue with liquidity I go to the discount window of my central bank and they will lend me the money. That’s why central banks typically make the rules about reserves, etc.

eru 2y ago
> B is creditworthy. That’s why I leant it to him. If I have an issue with liquidity I go to the discount window of my central bank and they will lend me the money. Yes. But that means you got newly created base money from the central bank. Which sort of goes against the original claim.