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Most money isn't from printing presses. Banks create money by handing out loans.
by barrkel 7y ago
Most money isn't from printing presses. Banks create money by handing out loans.
- gerikson 7y agoMost loans are against tangible, reposseable assets, or against future income streams. A bank that just handed out loans without commensurate interest rates to avoid the risk of default would quickly go out of business.