In the previous part of this mini-series, we discussed how our bank balance isn’t money, but rather a form of credit (a loan to the bank that is redeemable on demand). In order to understand what money really is, we looked at the origin of money and the influence of central banking on money.

How (Central) Banking Really Works (II)

The Role of the Banking System

The Vital Distinction between Lending and Credit Expansion

How Are Banks Able to Issue More Credit than Is ‘Justified?’

The Austrian School of Economics Predicted the ’08 Recession


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