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“I find it difficult to understand how this flow of funds analysis validates an assertion of general principle. What is described is a special case where a high
by kgwgk 8y ago
“I find it difficult to understand how this flow of funds analysis validates an assertion of general principle. What is described is a special case where a highly leveraged bank could find itself temporarily insolvent, with a very limited window of exposure before the bank would be found guilty of criminal fraud.”
https://www.cooperative-individualism.org/dodson-edward_review-of-richard-werner-can-banks-individually-create-money-out-of-nothing-2015.htm https://www.cooperative-individualism.org/dodson-edward_revi...