
Saved by dane cads and
Chapter 1: What is Mutual Credit?
Saved by dane cads and
fiat money even really is: It is a fungible pan-bank liability.
While central banks are overseen by directors chosen by those elected to government, and central banks can increase the money supply through open market operations (where central banks provide liquidity directly to private banks in their currency like during the 2008 recession and more recently with COVID-19), the vast majority of money is created
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