Used to be they just printed it up whenever they wanted. That was called Fiat Money. Now they don’t even bother to do that most of the time, They just create it with bits and bytes on a computer. E-Fiat, I guess.
Now they don’t even bother to do that most of the time, They just create it with bits and bytes on a computer. E-Fiat, I guess.
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Sort of like they do votes ...
Its still fiat. Just most of it isnt in paper form, but digital.