You are right, there is a lot more to it. It's an internet comment, not an econ textbook. However, the short answer is, the way the Fed "Prints Money" is through reserve rates, interest rates, and loans to banks. They don't need a press to do that, just a ledger.
Comments
You are right, there is a lot more to it. It's an internet comment, not an econ textbook. However, the short answer is, the way the Fed "Prints Money" is through reserve rates, interest rates, and loans to banks. They don't need a press to do that, just a ledger.
Agree. Thanks! :-)