Actually, for USD and all fract reserve banking currencies, printing money is making loans. That is how the money supply expands.
A fact overlooked by most.
Fed reserves are not legal tender.
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Actually, for USD and all fract reserve banking currencies, printing money is making loans. That is how the money supply expands.
A fact overlooked by most.
Fed reserves are not legal tender.
"Printing money" being done by making loans-- that sounds right.
Reserves kept on hold at the Fed are not legal tender. The paper money in our pockets is legal tender, and these notes have these words at the top:
FEDERAL RESERVE NOTES.