Comment by sebwiers on 25/11/2024 at 12:38 UTC*

1 upvotes, 0 direct replies (showing 0)

View submission: The delusions behind a bitcoin strategic reserve. It is a resilience strategy for the ‘hodlers’, not the US state

View parent comment

Literally printing cash is not how the federal reserve controls the monetary supply. Almost all money is created by banks when the issue loans.

When a bank issues a loan, they literally just create a bank account with money in it, out of thin air, balanced against the "asset" of the IOU. The Fed mostly controls the money supply by influencing how much of this banks can do.

There isn't enough paper to print the cash needed to make a dent in that effect.

Replies

There's nothing here!