☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agoGerman central bank risks bailout after money printing spreewww.telegraph.co.ukexternal-linkmessage-square4fedilinkarrow-up118arrow-down17
arrow-up111arrow-down1external-linkGerman central bank risks bailout after money printing spreewww.telegraph.co.uk☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agomessage-square4fedilink
minus-squarecyd@vlemmy.netlinkfedilinkEnglisharrow-up1·1 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.