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@ FreeYoda
2025-02-24 13:55:25
I hope someone will know the details of how the FED can create money, pretty sure they have several options to do so.
I live in Europe, so know that all local banks can/do create money when people take on a mortgage.
All that money is created on the spot, and if one thinks about how crazy that is 🤮.
Consider the effects, inflation being one, what you pay for it, interest and other costs, and how banks abuse those gains, up to being able to go tits up, and be saved by public money 🤯