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The actual exclusive license to make money from thin air is called being a chartered bank. Once a corporation is a bank it's major dependable income source is t
by superkuh 5y ago
The actual exclusive license to make money from thin air is called being a chartered bank. Once a corporation is a bank it's major dependable income source is the creation of new M0 money supply as debt by giving out loans for far more money than the bank actually has.
This is the kind of centralized and nepotistic money creation we need to worry about.