Re:JP Morgan's Coffee Machine
by ohdannyboy on Thursday September 09, 2021 @05:51PM
(#28475082)
Is this an insiders take on what is actually happening or just some bloggers fever dream? Its always hard to tell with finance.
[ Parent
| on HN ]
“Whenever a bank buys something from a non-bank, new money is created.”
Definitely the latter.
Edit: Or maybe an insider’s fever dream: the writer/speaker/singer has an MBA, worked in banks and is currently writing "The Absolute Essentials of Banking". (!)