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> It is just a number in the bank's database. Yes, this is how money works and is created today through fractional reserve lending. This has the tremendous adv
by erispoe 6y ago
> It is just a number in the bank's database.
Yes, this is how money works and is created today through fractional reserve lending. This has the tremendous advantage of being able to finance economic growth on credit, with a corresponding inflation risk that needs to be managed. That's a feature not a bug.