Enjoyed this very much - detailed and well written in simple terms and extensively researched. I would clarify that the Federal Reserve isn’t a major factor in actual money creation mechanics — that banks themselves create money every time a new loan is booked. Looking forward to reading more.
Enjoyed this very much - detailed and well written in simple terms and extensively researched. I would clarify that the Federal Reserve isn’t a major factor in actual money creation mechanics — that banks themselves create money every time a new loan is booked. Looking forward to reading more.
Nice note. Thank you for the kind words