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To: CodeToad
From the Overview of the paper I linked to

"Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."

64 posted on 10/06/2023 2:51:00 PM PDT by politicket
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To: politicket

“”Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.””

You do not understand the context for that statement.


68 posted on 10/06/2023 3:12:50 PM PDT by CodeToad (Arm Up! They Have!)
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