3 ms·
Private Banks. They are regulated as bank under fed.
by j16sdiz 23d ago
Private Banks.
They are regulated as bank under fed.
- JumpCrisscross 23d 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.