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by lowracle
2934 days ago
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The problem as mentioned in [1], is that banks don't necessarily do productive credit creation. They can create money just for people to buy assets, and not to invest in research and development. I think that it is the main idea behind removing them the possibility to create money, so as to reduce loans which inflate assets and create crisis. [1] https://professorwerner.org/shifting-from-central-planning-t... |
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