Tag Archives: GRG
Banks create money when they issue a loan to a client. That money only exists in the bank’s and the client’s books. The current rules of creating money encourage and incentivise banks to create money. They only make money on the … Continue reading
I am far from certain if any reader of AccountingWeb can explain to me where money comes from. Positive Money’s explanation, supported by many leading economists is, therefore, attractive to my very simple mind.