Altered States of Monetary Consciousness
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Credit creation of money

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How a linguistic glitch tricks us into believing bank deposits are deposited in banks
Mythbusting Money

How a linguistic glitch tricks us into believing bank deposits are deposited in banks

Many people believe a 'bank deposit' is 'money I put into a bank'. But bank deposits are in fact money issued out by banks. In this piece I explain this linguistic confusion, and show you how it can prevent you from understanding 'fractional reserve banking'

  • Brett Scott
Brett Scott Jul 17, 2020 • 7 min read
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