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Re:FDIC set to take First Republic Bank into receivership by hammock on Saturday April 29, 2023 @10:54AM (#35753445)
Governments don’t create money, commercial banks do. Read the Bank of England paper
Re:FDIC set to take First Republic Bank into receivership by somewhereoutth on Saturday April 29, 2023 @07:05PM (#35758148)
Indeed! But governments can control the money creation process by adjusting interest rates (specifically the rate that banks can borrow from the central bank), and market operations like QE