4 ms·
>most people don't realize that only 3% of the money supply is printed by the government (the rest is created by private banks) do you have a source for this c
by equalunique 9y ago
>most people don't realize that only 3% of the money supply is printed by the government (the rest is created by private banks)
do you have a source for this claim?
- nunyabuizness 9y agoSection "Money creation in reality" [1]. States that 97% of money in circulation are from bank deposits, the majority of which are themselves created by commercial banks (though it doesn't explicitly state that the rest comes from governments). [1] http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf http://www.bankofengland.co.uk/publications/Documents/quarte...