Re:The ballooning money supply may be the key to unlocking i...
by User23 on Tuesday October 13, 2020 @03:50PM
(#24769566)
The Bureau of Printing and Engraving prints money, but Federal Reserve Notes are in fact a claim on bank reserves. It's just when you deposit them at your bank you don't get reserves, they instead create a bank deposit for you and a liability for them and then add the reserves you just gave them to THEIR account.
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