3 ms·
It seems that you have misunderestood what my comment says, possibly in order to shoehorn a link to your blog. Please point out where I say that banks can "crea
by toyg 5y ago
It seems that you have misunderestood what my comment says, possibly in order to shoehorn a link to your blog. Please point out where I say that banks can "create infinite money out of thin air". I said they do the minimum that is necessary for them to be allowed to create money, which is what they exist for in the fractional-reserve system. Nobody else can emit the level of credit that banks can without getting shut down by the government.