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A comment on EU-wide maximum limit of €10K for cash payments. Parent comment

Re:EU-wide maximum limit of €10K for cash payments by nordsieck on Saturday December 10, 2022 @06:51PM (#33938347)
> Money is not zero sum. It is created and destroyed as loans are made and repaid.

For some definitions of money. Definitely not true of M0.

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Re:EU-wide maximum limit of €10K for cash payments by CraigJPerry on Saturday December 10, 2022 @10:01PM (#33939633)
Are you sure? M0 includes reserves - as in money deposited at the central bank by commercial banks. Reserves are increased by quantitative easing, the source of the additional reserves is nothing other than a decision.
[ Parent | on HN ]