The Federal Reserve and Pandemic Relief Funds

The federal reserve issues money, and certainly we're all familiar with cash. But reserves, that's electronic money. A normal person, we don't have access to reserves. It's a special form of money. And we want to talk about digital money because that's where things are going. That's what cbd c are. Everybody knows that. So let's focus on electronic money. We have electronic money too in our system. You do. Pretty much everybody does, in the form of bank money. When you go into a bank and you get a thousand dollar loan on, the bank creates that money out of thid air asn i owe you to you. The key thing