> where they extend loans as a multiple of the deposits they already hold > Commercial banks’ ability to create money is constrained by capital This “throw ra

> where they extend loans as a multiple of the deposits they already hold > Commercial banks’ ability to create money is constrained by capital This “throw random links I found” argument strategy is not very good. I strongly recommend reading the stuff before posting as your “source”. That paper is exactly what I’m talking about - a revisionism attempt by a right-wing professor trying to frame what happened under a completely different light. It presents an hypothesis with little backing, but yeah, now you can point to the paper itself…