> Recall, bank security purchases are paid for through the creation of money. Funny that we needed to wait until the late 2000s - early 2010s to have this fact

> Recall, bank security purchases are paid for through the creation of money. Funny that we needed to wait until the late 2000s - early 2010s to have this fact of economic life "officially" approved by the powers that be, people like Schumpeter were writing about it (and demonstrating it, imo) back in the 1940s, and I'm pretty sure there were people even before Schumpeter who acknowledged it, but, nevertheless, it remained a fringe economic theory for (at least) 70-80 years.