Summary:
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out. Original Article: "Banks Create Money out of Thin Air. What Could Possibly Go Wrong?" [embedded content] Tags: Featured,newsletter
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Stephen Apolito considers the following as important: 6b) Mises.org, Featured, newsletter
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How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out. Original Article: "Banks Create Money out of Thin Air. What Could Possibly Go Wrong?" [embedded content] Tags: Featured,newsletter
Topics:
Stephen Apolito considers the following as important: 6b) Mises.org, Featured, newsletter
This could be interesting, too:
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How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.
Original Article: "Banks Create Money out of Thin Air. What Could Possibly Go Wrong?"
Tags: Featured,newsletter