17 Dec
2003
17 Dec
'03
11:17 p.m.
"Vladimir Z. Nuri" writes:
Thomas Grant Edwards writes:
Banks "invent" money on a daily basis.
Really? Since when?
since we left standards that tie money to things physical with value.
That means, Mr. Detweiler, that the Fed invents money, which is true enough. However, banks in general aren't so empowered. This isn't cypherpunks material any longer so I'll much more happily discuss it in private mail. I feel bad about discussing it this much already... Perry