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Totally depends on what you define money as. If "money" is the some function of all outstanding credit, then yes, it is created (mostly) by bank lending If yo
by worik 2mo ago
Totally depends on what you define money as.
If "money" is the some function of all outstanding credit, then yes, it is created (mostly) by bank lending
If you define money as a web of trust then it is mostly created by those that create the rules. The state
- mempko 2mo agoThe state has created the debt based money we have now. It's always the state. Both are true.