You are viewing a single comment's thread from:

RE: What I Learned in the Zeitgeist Movement | Part 3: "Debt-Machine"

in #money • 8 years ago

You may be right, it could all just be BS and they could just put whatever they want in a computer. Anyway I did find the article. It is from the Bank of England. So if you are looking for a primary source document.

https://www.monetary.org/wp-content/uploads/2016/03/money-creation-in-the-modern-economy.pdf

8 years ago in #money by
$0.03
  • Past Payouts $0.03
  • - Author $0.02
  • - Curators $0.01
1 vote
Reply 1
Sort:  
  • Trending
    • [-]
     8 years ago 

    This article explains how,
    rather than banks lending out deposits that are placed with
    them, the act of lending creates deposits — the reverse of the
    sequence typically described in textbooks.(3)

    Coin Marketplace

    STEEM 0.06
    TRX 0.32
    JST 0.059
    BTC 67618.34
    ETH 2061.89
    USDT 1.00
    SBD 0.50