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imajinl's avatar

great article — just don’t agree that Austrian “bitcoiners” as you called them believe that the Fed is as powerful as mainstream thinks — Bob Murphy is a great example of this.

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AW's avatar

Well the Fed does “print money” in (at least) one specific way. The Fed raises interest rates by paying a bribe to anyone willing to park funds in the RRP (and they pay to bank reserves as well). This money is genuinely created out of thin air. The Fed is currently running >$100B loss yearly because of these interest rate manipulations

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