NickGiambruno on Nostr: A “lender of last resort” means legalized counterfeiting of the currency to ...
A “lender of last resort” means legalized counterfeiting of the currency to backstop a legalized Ponzi Scheme.
Such a blatant scam would have no place in a free market for money and banking.
Published at
2023-08-08 15:11:51Event JSON
{
"id": "628ee697172894197f6bb557ec066e8e2513f79924dca0e4b2186aa659eea62f",
"pubkey": "722578bf8663321e6cd7fc41f48b6bae2fcc8466de183311cf7496c2eeae389c",
"created_at": 1691500311,
"kind": 1,
"tags": [],
"content": "A “lender of last resort” means legalized counterfeiting of the currency to backstop a legalized Ponzi Scheme.\n\nSuch a blatant scam would have no place in a free market for money and banking.",
"sig": "823302d748a74f720f2ab5e311e45e7a57a720e536d91234c30740e5f5e26e255124d3c4bf8a6e0734b5e91bc2859a8d1fe1a20f0aeb6a20439f4e0736165f73"
}
