alt Hacker NewsRegular banks create new money all the time (loans). There’s no difference to the central bank conceptually as far as I understand, they both record debits/credits to accounts (double entry).
Regular banks create new money all the time (loans). There’s no difference to the central bank conceptually as far as I understand, they both record debits/credits to accounts (double entry).
Ah yes, who needs the Federal Reserve when you have Kansas' own Emprise Bank.