• davel@lemmy.ml
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    1 day ago

    Anyone can create their own money. Consider Bitcoin. The hard part is getting people to use it.

    Corporations can print corporate shares, though the more shares they print, the less each share is worth. You can’t buy a pack of gum with corporate shares, though, so I wouldn’t call in money or currency.

    Private banks can print money, but not an an unlimited amount. They can only print as much as the government allows, and it can only be created as the principal of a loan, and the money is destroyed as the borrower pays down the principal.