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Old 22-04-2012, 11:25   #3
Eric
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Re: Bank of englands promisery notes

Quote:
Originally Posted by AccyChris View Post
is it true that The banks just make the money up - by typing numbers into their computers. other partie's provide the cash flow but The banks call all the shots? and also is almost all the money in circulation (ie over 90%) not printed cash (i.e exists on computers only)??
Of course it's true ... this super-secret information is cunningly hidden in the pages of every introductory economics text ... that's why nobody is aware of it
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