Mervyn King: How Do Banks Create Money

Posted by admin on Thursday, October 22, 2015

Mervyn King Money Quote confirming something that John Kenneth Galfbraith called so simple the mind is repelled, with something so important a deeper mystery seems only decent. Mervyn King Governor of the Bank of England said:(PDF page 3, paragraph 3)
 
Mervyn King Banks Create Money by crediting customers' accounts
 


 
Banks Create Cash Making Loans Headlines
 
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