“The plain fact is that inflation is too high and has been for too long,” Federal Reserve Chair Kevin Warsh said.
  • dhork@lemmy.worldEnglish
    0·
    1 month ago

    Actually, you make a great point about how loans work, and it makes even more sense when you realize that banks only need to keep a portion of their deposits in the bank. So making loans really does create money out of thin air.