Brett Scott
Jul 26, 2017 · 1 min read

Sorry to be pedantic, but digital US dollars are born when US commercial banks issue promises against their central bank reserves. The majority of money issued in advanced economies takes the form of commercial bank promises, not central bank notes

    Brett Scott

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    Author of The Heretic's Guide to Global Finance: Hacking the Future of Money. Exploring urban ecology, economic anthropology, P2P tech & alternative currency ☯