Re:We will not pursue the potential acquisition of FTX
by chii on Thursday November 10, 2022 @10:16PM
(#33556922)
and after said panic, you end up with "some level of capital requirement to make this loan".
"we force them through fiat", is just the same as "we force everybody to not murder and steal".
No, they don’t. We force them to through fiat. But credit isn’t created from money—credit is money. Left to their own devices, financial systems create as much credit as the market will bear, then the market shifts, money vanishes and voila, a panic.