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A comment on Money Creation in the Modern Economy. Parent comment

Re:Money Creation in the Modern Economy by nobrains on Sunday January 15, 2023 @02:49AM (#34387572)
>> but a new security that is created <<

What is a "security" ?

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Re:Money Creation in the Modern Economy by tomhoward on Sunday January 15, 2023 @03:30AM (#34387805)
A financial asset – a stock, a bond, a loan contract, a promissory note, a bank note, a warrant, a future, an IOU...

https://en.wikipedia.org/wiki/Security_(finance)

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Re:Money Creation in the Modern Economy by bradwood on Sunday January 15, 2023 @05:19AM (#34388312)
I always thought a future (as well as an option) was a contract -- as distinct from a security. In fact, a warrant is a securitised option.

So the nuanced question should be: "What is the difference between a contract and a security?"

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