ShackledNation
Libertarian
- Thread starter
- #21
Not really. The Fed pumped money into the banks through QE wishing them to lend it, but they haven't. Banks don't simply do what the Fed wants. They do what will get them the most profit.It is well accepted that under our current banking system, banks create much of this country's supply of money.
it's much more accurate to say the banks do as the Fed
wishes in order that the country maintains a stable money supply.
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