3 Jun 2023 2:26 pm
...here's ANOTHER source that exposes you as a monetary ignoramus....((((((CAN YOU PROVIDE ANY EVIDENCE THAT BOLSTERS YOUR RETARDED CLAIMS, @SSHOLE?))))) [and monetary ignoramus]
http://www2.harpercollege.edu/mhealy/ec ... es/ch13-17
The Money Creation Process
There are two interesting things that we will learn in this chapter. FIRST, banks create money when doing their normal business of accepting deposits and making loans. When banks make loans they create money. remember from chapter 12 that money (M1) is currency (coins and bills) AND checkable deposits. When I got a loan for my boat the bank called me up and said that they deposited the loan in my checking account. This new deposit is NEW MONEY created by the bank. they just turned on their computer, logged into my account, and changed the amount that I had. They created money. The Federal Reserve has tool that it can use to control how much money banks create.