SVB failure raises a question: who gets to create dollars?

Financial Times/Brendan Greeley/3-16-2023

photo of $100 bills rolling off the printing press at the Bureau of Engraving and Printing“After a run this week the FDIC guaranteed the deposits of Signature Bank and SVB — not just the $250,000 per-person limit for which the banks had paid premiums, but all deposits. With a single decision, the definition of a dollar again expanded.”

USAGOLD note: Seems like it is all too easy to create dollars, but that, in the end, is the nature of the fiat money system.

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