Money 101: The Idea of Money Created Out Of Thin Air
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In this video we discuss the mythology of money being created out of thin air.
This is another one of the concepts that might have been vaild in the past but is no longer the case with the money supply under fraction reserve banking. When we look at what goes into expanding the money supply, it is not just money printing. Instead, we actually see economic productivity tied to it.
An important concept is the accounting tied to the money supply and how it all has to balance out.
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