RE: The Gold Standard Myth
1 yr
0 Min Read
50 words
Euros or dollars are coins that can be printed at any time and only a few decide this.
Both are only created when a loan is taken out. They are both under fractional reserve lending. Hence, it is the commercial banks that create Euros and Dollars.
Posted Using LeoFinance Beta
thanks for this clarification ... I always learn new things by following your profile