Programming Note
This isn't correct. Banks can't create money out of thin air. They are intermediaries. Please read the analysis here: https://www.worldsocialism.org/spgb/wp-content/uploads/2020/10/Banking-text.pdf
This isn't correct. Banks can't create money out of thin air. They are intermediaries. Please read the analysis here: https://www.worldsocialism.org/spgb/wp-content/uploads/2020/10/Banking-text.pdf