SVB failure raises a question: who gets to create dollars?

March 18th, 2023 Gold comments

Financial Times/Brendan Greeley/3-16-2023

photo of $100 bills rolling off the printing press at the Bureau of Engraving and Printing “After a run this week the FDIC guaranteed the deposits of Signature Bank and SVB — not just the $250,000 per-person limit for which the banks had paid premiums, but all deposits. With a single decision, the definition of a dollar again expanded.”