@collin_brown29 : Close, and I’m with you, but no cigar. The Fed can “create” money through monetization, sure. But deficit spending DOES NOT create “new money.” 99% of “money” is created by commercial banks through fractional reserve banking. Deficit spending only creates “new money” if it’s • TwiCopy

Collin Brown

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calendar_today29-11-2017 15:27:25

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Collin Brown

@collin_brown29

10 months ago

Close, and I’m with you, but no cigar. The Fed can “create” money through monetization, sure. But deficit spending DOES NOT create “new money.” 99% of “money” is created by commercial banks through fractional reserve banking. Deficit spending only creates “new money” if it’s

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