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> Credit is always money creation. No, its not! Its a swap on the active/left side of the balance sheet: If my mum borrows me 1 USD for icecream, she did not c
by KellyCriterion 3d ago
> Credit is always money creation.
No, its not! Its a swap on the active/left side of the balance sheet: If my mum borrows me 1 USD for icecream, she did not create money, instead she swapped her positions in her assets/left side of her balance sheet.