4 ms·
Inflation serves the purpose. But more directly we also have various fractional reserve systems of money creation through debt. Bank creates credit (money), of
by dagaci 3y ago
Inflation serves the purpose. But more directly we also have various fractional reserve systems of money creation through debt.
Bank creates credit (money), often with timed terms of repayment
As you repay, that credit is gradually removed from the financial network.