27 Mar 2019 6:52 am
"relatively little of the supply of broad money is in physical currency"peepee » 27 Mar 2019 6:43 am » wrote:...no matter how much you squirm, hillbilly, your foolish republicrat-level notion that 'the government prints the money' displays a horrible ignorance as to 'who creates our money and how do they do it?' ...read some steve zarlenga, bill still, ellen brown, merrill jenkins, jerry voorhis, etc. so that you won't always promulgate your hillbilly fanta$ie$!...
...even wikipedia gets it...and so can you if shut your hole long enough to do some reading, thinking...
https://en.wikipedia.org/wiki/Money_creation
The central bank, or other competent, state authorities (such as the Treasury), are typically empowered to create new, physical currency, i.e. paper notes and coins, in order to meet the needs of commercial banks for cash withdrawals, and to replace worn and/or destroyed currency.[28] The process does not increase the money supply, as such; the term "printing [new] money" is considered a misnomer.[1]
In modern economies, relatively little of the supply of broad money is in physical currency. [note 16]
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