"Thus, in a system of fractional-reserve banking, banks create money."
- N. Gregory Mankiw, Ph D., Professor of Economics at Harvard University, Macroeconomics, Fifth Edition, pg 484
A Blog About Our Debt Money System, the Effects of Borrowing at Interest and the Unpayable Debt it Creates. Learn How Minnesota Can Lead the Nation in Fixing Our Broken Economy. STUDY FROM OLDEST POST TO NEWEST.