☆ Yσɠƚԋσʂ ☆ to World NewsEnglish · 1 year agoGerman central bank risks bailout after money printing spreewww.telegraph.co.ukexternal-linkmessage-square6fedilinkarrow-up121arrow-down18
arrow-up113arrow-down1external-linkGerman central bank risks bailout after money printing spreewww.telegraph.co.uk☆ Yσɠƚԋσʂ ☆ to World NewsEnglish · 1 year agomessage-square6fedilink
minus-squarecyd@vlemmy.netlinkfedilinkEnglisharrow-up2arrow-down1·1 year agoThis is a deliberately obtuse take by the Telegraph. Central banks are literally empowered to create or destroy money; the profits and losses they themselves make are accounting fictions.
This is a deliberately obtuse take by the Telegraph. Central banks are literally empowered to create or destroy money; the profits and losses they themselves make are accounting fictions.