What stop banks from just «creating» money?

744 views

Like what drops them from just adding some extra 00 as everything is digital, especially in third World countries?

In: 1

12 Answers

Anonymous 0 Comments

I’m not sure what these other comments are talking about.

The Federal Reserve absolutely “creates” money.

In fact, they’ve created nearly 50% of our total money in the LAST 4 YEARS.

On top of that, with the historically bad inflation since 2020, our American money is worth only a percentage of what it was 5… 6 years ago when our inflation rate was historically *low*.

You are viewing 1 out of 12 answers, click here to view all answers.