Saturday, December 6, 2008
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
Posted by Money As Wealth at 1:14 AM