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#97 Debt Smart | Why Hating Debt is Hazardous to Your WEALTH

Money Minded

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Money Creation and the Role of Commercial Banks

This chapter explores how money is created and the significant role that commercial banks play in the process. It discusses the historical evolution of banks from safe storage of gold to the creation of receipts and lending. The chapter also examines the decoupling of gold from claims and the potential challenges it poses.

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