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Last Checked March 17, 2023

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Tue Mar 14 16:14:56 +0000 2023

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Matthew Yglesias @mattyglesias

@jasoncrawford @moskov @AlecStapp I think it’s more intuitive in a gold-backed system. The amount of money in circulation is a function not strictly of how much gold is in the vaults but of how aggressively banks loan based on those reserves. Which is why one institution does bank regulation & monetary policy. — PolitiTweet.org

Posted March 14, 2023