Debunking Economics - the podcast cover image

Chicago Plan – why it never went anywhere

Debunking Economics - the podcast

CHAPTER

The Creative Side of Debt

If a bank has the ability to create money, most of it goes into houses and appeal layers because there's collateral on the other side. The argument in favor of banks creating money for investment is that they have to actually go and do the research. And then what you get is the intelligence of crowds. Sometimes that works out to be incredibly... Bit of self-interest going on here? Deal, isn't that?

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