Saturday, December 6, 2008

A Trail of Bread Crumbs

They say, "follow the money".

If you follow it to where it "becomes" money, you will be in a bank, as a loan is made.

"Money is created when loans are issued... ;
money is extinguished when loans are repaid".

  John B. Henderson, 
Senior Specialist in Price Economics, 
Congressional Research Service, 
Report No. 83-125 E