Money supply is fake anyway

Perry E. Metzger perry at piermont.com
Sat Apr 13 11:04:54 PDT 1996



I've answered Mr. Smith in private mail.

.pm


"David E. Smith" writes:
> > > Banks "invent" money on a daily basis.
> > 
> > Really? Since when?
> > 
> 
> That's something from college-level economics.  If a bank
> has reserves in excess of their reserve requirement, they






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