Actually, yes, they can.
You know those Federal Reserve requirements about debt to asset ratios? It means they need a certain amount of assets--savings--and can lend a certain multiple above that. That's money they don't have but create out of thin air.
David Benfell, Ph.D. (he/him/his)
npub1qn…emx0u
2025-08-18 18:55:04 UTC
in reply to nevent1q…rmrl
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npub1qnvuavqzak7z9htwth8zccavwdvsvvp9zj0lt2xxxkuhf9z2w2ks5emx0uSeen on
wss://relay.momostr.pinkPublished at
2025-08-18 18:55:04 UTCEvent JSON
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