Who the hell cares? Iceland is not here and your abuse of red herring fallacy is overwhelming.Not in Iceland, where democratic accountability is quite a bit older and healthier than in the USA.
No, I say you do not have a clue to what is a restraint and what is a constraint - as you continue to demonstrate.
First you claim it's a restraint but not a constraint, now you claim it's neither.
"money, n. ... 3. any circulating medium of exchange, including coins, paper money, and demand deposits."
It does not change that demand deposits are not money but a debt
No actually most say "commonly considered to be money" - because the field of economics is dominated by this crackpot theory you parrot, this is common.Any dictionary of economics, like the New Palgrave, will also define money as including demand deposits.
However, it fails every test of money.
So, that which fails the test cannot be money - no matter how you parrot such.
And you are and never were a Mensa member. I'd believe you to be the King of Sweden before I believe you are Mensa.
You seem to struggle with it.
There is nothing hard to understand about excess reserves, or the graph of them that you posted.
It is not hard to imagine, because you are an idiot.What is hard to understand is how you imagine the graph you posted supports your claim that Fed printing of money
I did not post that to support your red herring here.
You asked "where did the money go?" and I showed you.
You are lost in the vast wilderness of your empty mind.
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