RE: RE: How do Banks Survive Hyperinflation?
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RE: How do Banks Survive Hyperinflation?

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1y

Main point is to distinguish the difference between central and retail banks.
Central banks don't even print money; they print reserves.
Retail banks print all the money in circulation.

And then the reserves can be leveraged to print actual money so it's all a clusterfuck of nuances and weirdness.