wait hang on so to print money the fed buys "U.S Treasuries" from banks how do the banks get these treasuries?
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oh ok that makes sense
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when the fed sells, banks give the fed money, which reduces how much money they have which reduces how much money other banks have through the multiplier effect and round and round
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hey nerds rognlie has got this: https://mattrognlie.wordpress.com/2011/10/22/money-is-debt/ …pic.twitter.com/y7NN99CQIJ
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