I’ve asked this before but I still don’t know. How does money work?
Say the Royal Mint here in the UK today prints £1m. This money goes out to the banks. How does that work? The banks don’t pay for the money (I’ll sell you £1m for £1m is just stupid) so how do they get it for free? If I set up a bank would the Mint give me money? I think not. I think we’re being scammed here somewhere.