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Nothing you've said disagrees with the OP. The new "money" is literally credit, which literally is someone else's debt obligation which disappears when repaid.
by notahacker 3y ago
Nothing you've said disagrees with the OP. The new "money" is literally credit, which literally is someone else's debt obligation which disappears when repaid.
- epups 3y agoI think it does, actually. Every time I see a comment about "money printing", it makes me think of the author holding the opinion that the government literally created money, as in wealth, out of thin air.
- PeterStuer 3y agoNo, that privilege is reserved for the private banks. In the US the cunningly named FED. Presidents that actually tried changing that ended up killed.