what is money?
Banks create money based on borrowers’ promise (in exchange for bank loans) to pay back, i.e. money is created out of debt. The Bible:“One person
September 8, 2011
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Banks create money based on borrowers’ promise (in exchange for bank loans) to pay back, i.e. money is created out of debt. The Bible:“One person
Innovation, shminovation. We’re obsessed with innovation. But why care about innovation? Perhaps because it’s comfortable to think innovation is panacea for our social stagnation or economic graveyard called
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