Banks Don’t Lend Money – They Create It – BIGGEST BANKING MYTHS EXPLAINED
Did you know that Banks DON’T LEND MONEY? Banks don’t lend money, They’re in the business of purchasing securities. That’s it! See this video below that explains how it works. Banks are thought of as deposit-taking institutions that lend money. the first empirical studies to prove that [banks create money out of thin air]. Banks …
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