npub1ke2g8yhwxtxr68vj75974l2kwu4thlkusdsmcvcgr5schpa5atrqnxwvwj (npub1ke2…wvwj) on 'creating money out of thin air' which (despite what your #economics textbook tells you) is the everyday business of #banking....
When I used to run through these practices with my students (on my economics for non-economists UG course), they were at first shocked, but then realised the true importance of knowing this... there is a 'magic money tree' but its only shaken when the rich need some cash.
https://www.taxresearch.org.uk/Blog/2024/01/06/central-bankers-on-the-ability-of-banks-to-create-money-out-of-thin-air/
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-01-07 09:31:47
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2024-01-07 09:31:47Event JSON
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