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A comment on The ballooning money supply may be the key to unlocking inflation in the U.S.. Parent comment

Re:The ballooning money supply may be the key to unlocking i... by neffy on Tuesday October 13, 2020 @05:00PM (#24770240)
And as it happens everything is regulated by bank capital and the Basel framework these days, rather than the old gold standard of asset reserves.

OP gave the correct textbook description - but that description has been superceded by changes in bank regulation since the 1980's.

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