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El_Tino

booyaka!

Albuquerque, New Mexico

Nov 17, 2007 @ 09:30:47

What's to stop banks from creating money from nothing? With transactions pretty much being electronic these days, what's to stop a bank from creating money from nothing and loaning it to people? I know the government does it all the time. Are there any controls in place to prevent banks from doing this? Would there be any way to know if they did?

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