Woodznutz
Platinum Member
- Dec 9, 2021
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The Fed "adds" money to the economy by purchasing preexisting securities (old money) from commercial banks. It only prints new money to replace lost, or worn out M1 currency.It is based on adding money to the economy.
it's premised on fiat currency, silly head.
All currency is fiat currency. You probably have some in your wallet.
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