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by SantalBlush
1949 days ago
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That isn't really how it works. Banks do not "print money," they expand the money supply through loans. When interest rates are low, savers move their existing money away from assets like bonds toward higher yielding assets like stock and real estate. If the money supply were to suddenly shrink, the average person would not become richer; that added value would be concentrated in fewer hands. That's basically what is happening with bitcoin. |
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