Through this fractional reserve system, any one deposit can create 9 times its original value, in turn debasing the existing money supply, raising prices in society.And since all this money is created out of debt and circulated randomly through commerce, people become detached from their original...
3) If they are going to print money, would it not be more beneficial to just payoff the huge debt that has accumulated from years of fiscal stimulus. Isn’t this really basically a tax by debasing the currency? ssumner 30. July 2016 at 08:19 Max, You asked: “So is this is an ...