Alternative Methods of Money Creation for the Benefit of the Private Sectors
摘要
As already explained in more detail in Chap. 4 , one of the principles of the new system of money creation—or, NMWO—proposed in our earlier work is that there would be put an end to so-called private money creation, i.e. the (scriptural or book-entry) money creation to which a private (deposit) bank proceeds when it grants credit to third parties (for total amounts exceeding its cash reserve).