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Every time a new loan is made the banks create more money out of thin air.
I keep hearing this but do not understand the mechanism. After all, when the borrower takes out a $200k mortgage, the bank had to supply the $200k real cash to the seller.
Renters will continue to get screwed until we get socialism.
Socialism would be far worse for renters than anything they're experiencing now.
Every time a new loan is made the banks create more money out of thin air.
I keep hearing this but do not understand the mechanism. After all, when the borrower takes out a $200k mortgage, the bank had to supply the $200k real cash to the seller.
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