Banks Don't Take Deposits. Banks Don't Lend Money. - JustPaste.it
Richard Werner
"Banks are being thought of as
intermediaries, but this not really what’s happening. Banks are creators
of the money supply. I produced the first empirical studies to prove
that [banks create money out of thin air]."
intermediaries, but this not really what’s happening. Banks are creators
of the money supply. I produced the first empirical studies to prove
that [banks create money out of thin air]."
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