Okay, imagine it. JAK is not able to create its own reserves that would be acceptable to that other bank, it must obtain them elsewhere. It must itself borrow those funds or solicit depositors. There is no other way to explain it. I've already told you that I am in favor of controlling interest rates and the speculative securities markets.
Interest rates are today far, far too high.
Interest rates are not a supply and demand phenomenon like the price of strawberries down at the corner fruit stand. It is an accounting adjustment that would sustain the entrepreneurial rate of profit, preserving the free market by empowering the consumer.