Where does money come from? How does an economy keep getting more money – what is the origin?
In: Economics
It’s fake money that is only believed to exist. Of course, all fiat money is fake so it’s a moot point.
Banks convert the money you put in them into non liquid assets like land and things like that, and also loan it out to other people. That’s how bank runs happen; they don’t actually have the money on them
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