5 Comments Jem Bendell on the Money Myth

  1. happyseaurchin

    do banks just create money when they loan?
    i thought they “create” it by charging interest
    which needs to be collected by the punter who borrows…

  2. Michel Bauwens

    they create it by lending itself, but give it away, thus the interest guarantees it comes back, with a surplus .. the leveraging of loans vs. deposits went up from factor 3 to 30 …

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