| http://www.w3.org/ns/prov#value | - Or if he buys stocks from Carl, does not Carl put the money in a bank?How can the banks rid themselves of even one dollar of reserves, other than by issuing cash to customers, and refusing to take it back?Unless I am missing something, and please tell me if I am, it seems like the Fed has almost complete control over bank reserves, at least in the aggregate.
|
