If you’ve followed Bix Weir of Road to Roota, this story is an educational story put out by one of the US Federal Reserve banks that gives a lesson in money, monetary supply, and fractional-reserve banking systems.
Enjoy, and be well, Everyone.
“Once Upon a Dime”
“The biggest transfer of wealth goes from the impatient to the patient.”
Miscellaneous
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Categories: Bix Weir, Fiat Money, fractional reserve lending, History Lesson
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