Banks Create Money out of Thin Air. What Could Possibly Go Wrong?

07/13/2023 Stephen Apolito

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?“

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