Re:London's National Gallery purchases a painting by an unkn...
by maratc on Saturday May 03, 2025 @09:42AM
(#43878979)
> "Money is neither created nor destroyed, it simply moves from one hand to another".
With regards to how money is created, you may want to read on credit and how banks create money virtually out of nothing, or how the state has a monopoly on printing money (turning "not money" -- paper and ink -- into "money").
The destroying part is much simpler: you can perform an experiment of burning a banknote yourself.
With regards to how money is created, you may want to read on credit and how banks create money virtually out of nothing, or how the state has a monopoly on printing money (turning "not money" -- paper and ink -- into "money").
The destroying part is much simpler: you can perform an experiment of burning a banknote yourself.