Fractional Reserve Banking Causes Inflation Not Infrastructure Spending
Channel: Coty Ternes
Date: 2021-07-21

My first YouTube short. Last I saw a few years ago was 95% of the new money created in the USA was created by banks giving loans of digitally created new money via the fractional reserve system for banking. The partisan reconciliation bill for infrastructure does not create new money, it spends money that already exists in the country.

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