[GourmetDan]

"Let me know when you figure out that loans increase the money supply, even under the gold standard."

Let me know when you figure out that the Fed creates 'money' out of thin-air with an accounting entry.

[Toddsterpatriot]

Of course the Fed creates money out of thin air. Now pull your head out long enough to explain where the Fed’s earnings go.

[semantic]

GD, all you need to know about the person with whom you're wasting your time:

08/11/2010 12:27:23 PM PDT · 215 of 219 Toddsterpatriot to semantic

S: Rather, they book both the deposit & asset out of thin air when the loan is made,

TP: That works for about 10 seconds, until the borrower cashes the check to buy the home, car etc......

See Toddster, I'm even courteous enough to ping you when I re-post your absurd comment. Bravo, big fella.