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This is the second time I have heard the logic of money supply and interest explained this way. It makes sense but is it really that simple in actual practice? Basically if I understand it right, the loan money is created, but the interest money is not, so the farmer is screwed.
Nov 14 10:26 am
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All Comments by nukldrager »The Downfall of Keynesian Economics and the U.S. (Part 1 of 3) [View article]