Thus creating currency and putting it into circulation without government spending being involved.

…balanced by the mortgage. The bank simply trades its more accepted IOU for the IOU of the borrower. It never loans existing funds but creates them as a credit in the borrower’s account.
This is only true in the micro.
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Keith Evans
John Griswold
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1 min read·
Apr 10, 2019
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Thus creating currency and putting it into circulation without government spending being involved.
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Written by John Griswold24K Followers
·731 Following
Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful
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