>In any case, it seems to me that the difference between creating money and
>creating money in $250 increments only is a fairly minor detail, don't you
>think?
How do MM funds create money? You deposit $1,000, the fund buys commercial paper and CDs and T-bills. The issuers of those instruments either invest it in real activity or re-lend it to someone who might. Where's the ex nihilo part?
Doug