Bitcoin maxis do not understand inflation or money so listening to them about this is ridiculous.
They even think the Fed prints US dollars.
What are we in the 1920s?
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Bitcoin maxis do not understand inflation or money so listening to them about this is ridiculous.
They even think the Fed prints US dollars.
What are we in the 1920s?
Physically printing Federal Reserve Notes (what USD is today) would actually B better: there's only so much "paper" available 4 printing those bills. "Printing money" these days is done electronically simply by changing amounts in accounts.
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.