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Fractional reserve banking is an incorrect model of money creation though, banks in today's world really do create money via lending. https://www.bankofengland
by spiralx 5y ago
Fractional reserve banking is an incorrect model of money creation though, banks in today's world really do create money via lending.
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...
- imtringued 5y ago"The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith