• 0 Posts
  • 252 Comments
Joined 5 months ago
cake
Cake day: January 24th, 2024

help-circle












  • phdepressed@sh.itjust.workstomemes@lemmy.worldThat's 3 for 3
    link
    fedilink
    arrow-up
    6
    arrow-down
    5
    ·
    6 days ago

    Only the US Mint, literally prints money. No one else is legally allowed to print dollars and cents. Loans only deal with what money they have to lend and what you have to overall pay (coming from another source). They can generate profits but not money. Stocks do a lot more number generation and disappearing because value is speculative (see Tesla).

    The Federal Reserve sorta sets interest rates (it gets complicated).