Modern capitalism was invented in 2020 with the abolition of bank reserve requirements. The previous incarnation was invented in 2008 with the start of QE Infinity. There were probably a few between that and the one that started in 1971 with the abolition of the gold standard, and so on.
alt Hacker News
Modern capitalism was invented in 2020 with the abolition of bank reserve requirements. The previous incarnation was invented in 2008 with the start of QE Infinity. There were probably a few between that and the one that started in 1971 with the abolition of the gold standard, and so on.