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Central Banks Seigniorage Explained : The Profit of Creating Money

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First published at 15:08 UTC on November 5th, 2021.

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Central Banks Seigniorage Explained : The Profit of Creating Money

All money is created as debt; more debt means more money. If everyone paid their debts, there would be zero dollars, well negative dollars actually after interests. As long as peopl…

Central Banks Seigniorage Explained : The Profit of Creating Money

All money is created as debt; more debt means more money. If everyone paid their debts, there would be zero dollars, well negative dollars actually after interests. As long as people buy into the fictional money, everyone is just transferring wealth to the banker's coffers. When things go really sour, revolts happen as the currency's true value is not merely nothing but negative. Money with nothing but debt backing it is a concept that enslaves all but those who lend it.

TheConserver Economist

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