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In modern society money isn't "used up". Quite the opposite. The act of lending money actually creates more money since every $1 minted lives on the balance she
by nly 3y ago
In modern society money isn't "used up". Quite the opposite. The act of lending money actually creates more money since every $1 minted lives on the balance sheets of banks many times over.
- HPsquared 3y agoModern money is debt. Every dollar is borrowed, pretty much. Money is created by borrowing, and destroyed by paying back the loan.