melvincarvalho on Nostr: The monetary base is simply inter-governmental debt. The treasury owes the fed, but ...
The monetary base is simply inter-governmental debt. The treasury owes the fed, but they are both (pseudo) governmental departments. It's like your kids owing parents money. You can just net it, and there's no debasement. The debasement already happened at loan time.
Published at
2025-03-03 13:09:12Event JSON
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