A “lender of last resort” means legalized counterfeiting of the currency to backstop a legalized Ponzi Scheme.
Such a blatant scam would have no place in a free market for money and banking.
A “lender of last resort” means legalized counterfeiting of the currency to backstop a legalized Ponzi Scheme.
Such a blatant scam would have no place in a free market for money and banking.
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