Showing posts with label money creation. Show all posts
Showing posts with label money creation. Show all posts

Saturday, January 29, 2011

Watch "The Money Fix"

Do you know how money is created?  Here's a hint:  most of it is not created in a mint.  Most money is created as debt: you take out a mortgage and POOF the bank creates that money based on your promise to pay it back.  It's sort of mind-boggling and confusing.  The first 10-15 minutes of "The Money Fix" detail the process of how money is created as debt, so at least watch that.  Here it is: