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Manuel Polavieja
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I don't understand, could you please elaborate or provide an example: if I have $100 in my wallet…
1

hodlwave

Manuel Polavieja

Manuel Polavieja

Aug 24, 2020·1 min read

You cannot interact directly with the CB, but that's not relevant if you look to the financial system as a whole (a consolidated balance sheet). If you have a $100 bill and you have a debt with the financial system, the financial system is obliged to write off $100 of debt upon the presentation of that bill.

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