Who owns liquid currency, be it in reserves, in vaults, or in circulation. Federal Reserve Bank prints more money, financial institutions expand their own operations beyond their assets base. This loosens control of the base as it causes inflation.
Who owns liquid currency, be it in reserves, in vaults, or in circulation. Federal Reserve Bank prints more money, financial institutions expand their own operations beyond their assets base. This loosens control of the base as it causes inflation.
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