|
|
|
|
|
|
by JumpCrisscross
1117 days ago
|
|
|
> fundamentally the quoted statement is wrong except in a very narrow niche That niche being money and banking [1]. The comment you dismiss is correct: “Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.” [1] https://www.bankofengland.co.uk/-/media/boe/files/quarterly-... |
|
|