fix articles 195695, by wolfgang storz Los Angeles Indymedia : tag : by wolfgang storz

by wolfgang storz

Creation of Money (tags)

To give a credit to a customer, a bank doesn't need to take the savings of another cutomer from its vaults. It creates the money out of nothing. In a countermove, the bank must deposit money with the central bank. There is a debate whether the creation of money can be left to the banks.

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