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Josh Farley: "Money, Money, Money"
The Great Simplification with Nate Hagens
How Does Money Come Into Existence?
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How does money come into existence? And how does this differ from what's taught in conventional text books? We always here rate now about the government printing too much money, which is driving inflation. But that's a red herring. The vast majority of money is loaned into existence by banks as interest bearing debt. Banks are explicitly allowed to lend money they don't have. So ian the's really can have two paths by which money comes into existence.
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