• cyd@vlemmy.net
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    1 year ago

    This is a deliberately obtuse take by the Telegraph. Central banks are literally empowered to create or destroy money; the profits and losses they themselves make are accounting fictions.

  • redtea@lemmygrad.ml
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    1 year ago

    I suppose taxing it back hasn’t crossed their minds. It’s not like they print money to bury it in a hole. It just ends up in the hands of a few people who can afford to inflate prices.