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There is a magic #moneytree…in fact there are two
Both the #state and the #banks can create #money out of thin air.
The magic money tree of the banks is far more de-stabilising than the magic money tree of the state. Unlike state magic money which can be created free of debt, bank magic money always has to be repaid with interest.
http://www.thelondoneconomic.com/tle-pick/magic-money-tree-fact-two/26/06/