Emeritus Prof Christopher May on Nostr: npub1ly26m…qp3k0 There's an interesting issue here about credit creation & how it ...
npub1ly26mcp4r2yxs9fcsacegyxn6tu8pat7hlxlnk8fc2z573swk8qqlqp3k0 (npub1ly2…p3k0)
There's an interesting issue here about credit creation & how it is understood.
See the article by Steve Keen below which explores this debate & concludes that money (and thereby credit) can be (and is) created by banks (in this case mortgage lenders) without the need to borrow from elsewhere.
https://www.forbes.com/sites/stevekeen/2015/02/28/what-is-money-and-how-is-it-created/
There's an interesting issue here about credit creation & how it is understood.
See the article by Steve Keen below which explores this debate & concludes that money (and thereby credit) can be (and is) created by banks (in this case mortgage lenders) without the need to borrow from elsewhere.
https://www.forbes.com/sites/stevekeen/2015/02/28/what-is-money-and-how-is-it-created/