3 ms·
Yip, consider how much money banks make by injecting themselves between you and the reserve bank.
by ta20240528 1y ago
Yip, consider how much money banks make by injecting themselves between you and the reserve bank.
- scott_w 1y agoThis is a very different situation. If you're interested, I'd recommend reading Can't We Print More Money by staff at the Bank of England (https://www.amazon.co.uk/Cant-Just-Print-More-Money/dp/1847943381 https://www.amazon.co.uk/Cant-Just-Print-More-Money/dp/18479...). The short answer is central banks are not setup to offer services directly to the public. This is different to the tax office in that people already need to interact directly with it! Anyone in the UK can fill out a Self Assessment, for example, however it's optional for almost everyone, because Pay As You Earn takes the tax off your employer instead.