• iopq@lemmy.world
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    22 hours ago

    The government lowers interest rates to increase economic growth and when the inflation is low. Lending increases the money supply because banks are not required to have full reserves. So yes, the Fed actually increases the effective money supply at the correct rate depending on whether they want the economy to grow or to control inflation

    • sqgl@sh.itjust.works
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      18 hours ago

      The supply in circulation. Bonds are promissory notes. I don’t think the money disappears from ledgers.

      The fractional reserve is fixed AFAIK.

      • iopq@lemmy.world
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        2 hours ago

        Circulation doesn’t matter. Let me give you adb example.

        Let’s say my mom sells her house. The buyer takes out a loan from the bank. My mom gets $300,000 in cash to her bank account, the buyer loses 20% down payment so he’s down $60,000. The bank reserves 10% which is $24,000

        Suddenly the economy just got a boost of $300,000 - $60,000 - $24,000 = $216,000

        When my mom spends that money, it goes to the bank accounts of businesses so it just stays as numbers. Nobody needs to take any cash out, but everyone gets richer