Stjepan's avatar
Stjepan 1 month ago
Commercial banks cant move a finger without central banks. Central banks are running the show anyway. They set up rules for commercial banks, and they do print money when needed. Its not like commercial banks somehow make things better.

Replies (1)

Commercial banks create de facto and de jure credit which the central bank does not (yet?) And yes the commercials do have to play within the ruleset but they do cheat a lot and bend the rules to their liking. I don't support what they became but I see that commercials aren't the sole bad guy in this story.