2 ms·

Let me quote what I've said: "Lending out loan creates money circulated in the system. Paying off debt destroys money from the system." There. You were the on

• ChrisLomont 11y ago
  >You were the one using the friend lending example to say there's no new money created when debt is created. You keep saying I wrote no money is created. I did not. From every single post in this thread: My first post in this thread: "new money is added through asset purchases, not giveaways," My second: "if you think fractional reserve creates money (in the sense that the gain is not balanced by a matching debt), then paying it back "destroys" the exact same amount. Fractional reserve is zero sum" Third: "Accounting does balance to zero. Debt and money are added, and they sum to zero" Fourth: "I have stated that the money is balanced by a matching debt" Literally every single post I wrote in this thread stated that money is added, and a matching debt is added. Every. Single. One. Have fun.