nostr:npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89 nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h It was effectively zero in 1999; by opening an investment firm with no distinction between a bank and an investment firm, you can sign your reserve over to another economic actor the immediate you receive it.
nostr:npub1wmxn3vqkzhd2a47gkt6hdjwp49cxzl3m0l67pzkrn9kllhrkhfhqfxv89s nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h
>they're doing the exact same things they were before
worse even. the federal reserve recently reduced the fractional reserve requirement to zero for example.
Discussion
nostr:npub1wmxn3vqkzhd2a47gkt6hdjwp49cxzl3m0l67pzkrn9kllhrkhfhqfxv89s nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h i think until the recent change it's been around 5% to 1% but don't quote me on that.
at any rate with it being zero, that means the ability to create money is virtually infinite