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Steve Keen – 3 ways to create money
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"There's three ways to create money. [1] Banks can lend out more than what they get back in re-payments. [2] The government can spend more than it taxes. [3] And you can export more than you import."
From:
Exploring Economics Lectures 02: Bank Originated Money and Debt
#snippet
From:
Exploring Economics Lectures 02: Bank Originated Money and Debt
#snippet
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