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The government is monetizing it's credit just like how you are monetising your personal credit when you take a loan. When normal banks give you loan, do the de
by mohanmcgeek 5y ago
The government is monetizing it's credit just like how you are monetising your personal credit when you take a loan.
When normal banks give you loan, do the deposit holders also not "have" the money?
The banks create money, just not out of thin air: there's something of equal value exchanged in return