Money supply is fake anyway

[Perry E. Metzger]

"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