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Can poor people take out a loan and create new money?

• loa_in_ 4y ago
  They don't, and in times where there's most need for that, banks squeeze their wallet close even tighter.
• quickthrower2 4y ago
  My understanding is any loan from a bank creates new money. However not sure about the types of loans that poor people use such as payday loans and pay-in-4 services. Maybe that us too since an investor may use bank borrowed money to fund them?