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Regular banks create new money all the time (loans). There’s no difference to the central bank conceptually as far as I understand, they both record debits/cred
by have_faith 7mo ago
Regular banks create new money all the time (loans). There’s no difference to the central bank conceptually as far as I understand, they both record debits/credits to accounts (double entry).
- 0_____0 7mo agoAh yes, who needs the Federal Reserve when you have Kansas' own Emprise Bank.