3 ms·
The point is that “just adding an amount” to the balance, creates money, temporarily if the lone is repaid, but potentially inflationary as long as the loan is
by dv_dt 8y ago
The point is that “just adding an amount” to the balance, creates money, temporarily if the lone is repaid, but potentially inflationary as long as the loan is open, and the money is spent and circulating.