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Using what for collateral? Yes banks create money but all they do is discount what already exists. As every budding entrepreneur finds out when they try to ge
by neilwilson 3y ago
Using what for collateral?
Yes banks create money but all they do is discount what already exists.
As every budding entrepreneur finds out when they try to get a loan at 17 years old.
Banks provide liquidity after the fact. They don’t kick the system off.