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Thanks a lot. Can you recommend a book if I’d like to read more on this explained similarly.

• chimi 7y ago
  This is one of the first things you'll learn studying Macroeconomics. Any introductory book on that topic will teach you about the concept. In general, you can look for information pertaining to "How banks create money," which refers to your $100 deposit turning into $1000 after it completes the ownership ladder. If you're still in college and have the opportunity to take some electives, I highly recommend Micro and Macroecon.
• maneesh 7y ago
  A great book on the creation of the fed and fractional reserve is The Creature From Jekyll Island
  • captn3m0 7y ago
    I almost bought this, but the author looks very shady: >G. Edward Griffin (born November 7, 1931) is an American author, filmmaker, and conspiracy theorist. Griffin's writings promote a number of views and conspiracy theories regarding various of his political, defense and health care interests. In his book World Without Cancer, he argues that cancer is a nutritional deficiency that can be cured by consuming amygdalin, a view regarded as quackery by the medical community.[2][3][4] He is the author of The Creature from Jekyll Island (1994), which promotes false theories about the motives behind the creation of the Federal Reserve System.[2][5] He is an HIV/AIDS denialist, supports the 9/11 Truth movement, and supports a specific John F. Kennedy assassination conspiracy theory.[2] He also believes that the biblical Noah's Ark is located at the Durupınar site in Turkey. https://en.wikipedia.org/wiki/G._Edward_Griffin https://en.wikipedia.org/wiki/G._Edward_Griffin