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Re:The Fed stalls the creation of a bank with a novel busine... by dunkelheit on Saturday September 22, 2018 @08:03AM (#18045666)
Ugh. It is a bit like saying that people don't earn money to buy things, but earn money because they buy things! By this line of reasoning when I go to a store, I am totally unconstrained by how much I earn - I just take my credit card, swipe it and buy whatever I want. Now, this strategy would be unsustainable in the long run if not backed by sufficient inflow of cash from my employer. So I have to work every day. But these are totally separate processes!

A lot of bookkeeping gets done, assets and liabilities change hands, but in the end it can still be described simply as "people earn money and buy things with it."

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