Not really true PennyO the more people borrow, the more money in the market which allows people to spend more. Isn't this how money is created in our current society? Our banking system effectively creates money. No single bank can create money however the banking system can. The amount the individual banks can create from the balances are governed by the BASEL agreement.
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Not really true PennyO the more people borrow, the more money in...
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