4 ms·
"Banks don’t get to create money." nope, they create debt, which is the same in practice.
by Yaa101 5y ago
"Banks don’t get to create money." nope, they create debt, which is the same in practice.
- imtringued 5y agoWell, if we want to use correctish terminology then banks grant credit (the number on your bank account) when debtors offer a promise to pay (the debt contract).