Money Creation, Fractional Reserve Banking & Central Banks
By Tae-Sik
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June 29, 2023
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~23 min read
Sovereign governments have the power to print their own currency. Governments authorize their Central Banks to manage their fiat currency. Central Banks have the authority to create money. Central Banks can create money that increase the money supply and money available for financial transactions. More money in the system is inflationary in nature. Inflation is […]