I've always wanted a simple picture of how the Fed works and how money is created. (as we all know, the Fed does NOT print money, banks create and destroy money (debt)). Any feedback welcome (while keeping it fairly simple)
Discussion
Rob has helped me out a lot with bug reports and feedback regarding NostrGram. He's a good dude. Please take a look at his post and give him some feedback. It's for a good cause! 🙏 #[0]
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Developing https://nostrgram.co/ #Bitcoin
Can anyone help this pleb? #[0]
The concept is not that hard to understand (how money is created) , but this image is not as simple as you wanted, but you can simplify this
This is good.
I understand the concept, I am try to help others. Many think the Fed prints money and sets interest rates but they don’t.
I’ll watch the video but my point is to have a simplified diagram for normies, not send them a long video. So if you have recommendations let me know too
It doesn’t quite emphasize that the FED actively buys Treasury bonds with newly created $ and thus increases it’s own balance sheet & finances government debt. Without extraction of $ elsewhere it’s basically printing.
Ofc banks can also create money by giving loans.
Let me know if I miss sth.
You really should have a look at all of Mike Maloney's videos but this one will explain what you are trying to draw here.
