The MMT Podcast with Patricia Pino & Christian Reilly cover image

#126 Dirk Ehnts: How Banks Create Money

The MMT Podcast with Patricia Pino & Christian Reilly

CHAPTER

Exporting Uros

Exports are a loss from the real side of the economy. When money is paid in uros, it's one ero one pound. The british bank now holds 25 thousand uros on its balance sheet. But nevertheless, tat's also a possibility to grate bank deposits in uk Pownts through exporting, and not through lending.

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