☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agoGerman central bank risks bailout after money printing spreewww.telegraph.co.ukexternal-linkmessage-square5fedilinkarrow-up13arrow-down13
arrow-up10arrow-down1external-linkGerman central bank risks bailout after money printing spreewww.telegraph.co.uk☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agomessage-square5fedilink
minus-squarecyd@vlemmy.netlinkfedilinkEnglisharrow-up2·1 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.