Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



#economics #money
the government can pay people with coins and notes, bank deposits, new bonds, or simply pay a supplier over an extended credit period. It is all shades of the same thing. It does not need to borrow a penny beforehand. It is the expenditure which creates the liability and asset, collectively referred to as "money".
If you want to change selection, open document below and click on "Move attachment"

Mark Wadsworth: Economic Myths: Governments don't issue currency.
he same thing and there are the same two sides to each of them - the issuer/borrower has a financial LIABILITY and the holder of the mortgage, bank notes, bank deposit, IOU etc. has a financial ASSET. It always nets off to precisely zero. So <span>the government can pay people with coins and notes, bank deposits, new bonds, or simply pay a supplier over an extended credit period. It is all shades of the same thing. It does not need to borrow a penny beforehand. It is the expenditure which creates the liability and asset, collectively referred to as "money". ------------------------------------------------------------- As a quite separate matter, having printed or issued currency, the government also claws back or unprints money by collectin


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details



Discussion

Do you want to join discussion? Click here to log in or create user.