You are here

bank regulation

A Loophole Allows Banks – But Not Other Companies – to Create Money Out of Thin Air

 

The central banks of the United States, England, and German - as well as 2 Nobel-prize winning economists - have all shown that banks create money out of thin air ... even if they have no deposits on hand.

The failure of most governments and most mainstream economists to understand this fact - they instead believe the myth that people make deposits at their bank, and these deposits are then lent out to new borrowers - is the main cause of our rampant inequality and economic problems.