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A comment on When 9 Trillion dollars from Fed Reserve goes missing what can we do about it?. Parent comment
You're right - I misread.
> Also, the Fed doesn't need the $1B, it can create it and then destroy it when it's deposited back.
It's not quite that simple. Everything is okay until it isn't deposited back. Then there's an extra $1B in the economy.
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You're right - I misread.
> Also, the Fed doesn't need the $1B, it can create it and then destroy it when it's deposited back.
It's not quite that simple. Everything is okay until it isn't deposited back. Then there's an extra $1B in the economy.