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by branchless 3337 days ago
https://bankunderground.co.uk/2015/06/30/banks-are-not-inter...

Banks create mony when they lend. Fed doesn't constain this.

1 comments

The "money" banks create when they lend is the same sort of "money" you create when you deposit cash into your checking account. The problem with money conspiracy theorists is that they conflate different types of money (M0, MB, M2, etc) into one pile they call "money".