CryptoKnowledge Quotes #7 - When Central Banks were Responsible.....

"Back when the Central Banks had to borrow real savings to close the gap between outlays and tax receipts, there was a natural limit on what they could spend.

If they borrowed too much, they 'crowded out' private borrowers. Interest rates rose. Savings increased. The economy cooled down. And tax receipts fell."

Peace. #CryptoKnowledge

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