How Is Money REALLY Created? Banks Do NOT Lend Reserves

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The Fractional Reserve Banking (FRB) model is very deeply ingrained in today’s mainstream economic thinking.

This model is taught in introductory macroeconomic classes across the globe, and has been for years. Which means that every graduate, regardless of their degree, has at least heard about this if they took intro econ classes.

That’s a lot of graduates.

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