1 min readSep 1, 2020
The gist is correct, but the details are inaccurate. For more accuracy, there is, e.g., "How Money (i.e. Legal Tender) Gets Created in Our Nation" here in Medium.
Written by Stephen Yearwood
M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman