GhostOnTheHalfShell OP ,
@GhostOnTheHalfShell@masto.ai avatar

@economics-that-works

Regarding mainstream preference to make money / credit irrelevant, with fractional reserve banking.

“ If there’s too much money—and therefore inflation—it’s the government’s fault; if there’s too little money—and therefore deflation—it’s the government’s fault. The private banking sector gets off scot-free.

Well, the Fed could use reserve requirements to fiddle bank’s balance sheets, instead of messing with interest rates (?)

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