Accounting for Fractional Reserve Banking
Fractional reserve banking. “Creating money out of thin air”. Debasing the currency. It can certainly be a confusing concept. Banks we are told have the ability to create money “out of thin air”, and they do this through loans, thus keeping the actual money creation linked to an actual demand for that money. How this … Continue reading Accounting for Fractional Reserve Banking
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed