Re:Money Creation in the Modern Economy
by 323 on Sunday January 15, 2023 @08:44AM
(#34389317)
My interpretation of that paragraph is the following:
The money that you don't deposit but you pay a company eventually also ends up in a bank account, of the company, of it's employees, of it's suppliers.
From the banking system point of view it's the same money amount, just split differently between accounts.
The money that you don't deposit but you pay a company eventually also ends up in a bank account, of the company, of it's employees, of it's suppliers.
From the banking system point of view it's the same money amount, just split differently between accounts.