Should banks be allowed to create money? (user search)
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  Should banks be allowed to create money? (search mode)
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Question: Note: This is the staus quo
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Author Topic: Should banks be allowed to create money?  (Read 2139 times)
Yelnoc
Junior Chimp
*****
Posts: 7,182
United States


« on: July 25, 2012, 12:35:34 PM »
Today, the vast majority of money within the economy was created not be government presses, but rather by private banks which constantly adds money to its balance sheets when people take out loans.  Do you think this process is a sound way to run a monetary system?  Feel free to discuss all the implications of the system in this thread.
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