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> Only the fed can actually order more money to be "created" No. Most money in modern economies is created by private parties [1]. [1] https://www.bankofengla

• j16sdiz 1mo ago
  Private Banks. They are regulated as bank under fed.
  • JumpCrisscross 1mo ago
    > Private Banks Currently. But nothing requires is. Banks can uniquely create M1. Nvidia is creating M4, which turns into M2 through the money markets, which turns into M1 at banks. It's more convoluted and limited than the Fed creating monetary base to increase M1. But the net effect is similar–more M1.