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Essay

Creating Money

Essay specific features

 

Issue:

Business

 

Written by:

Larry M

 

Date added:

August 20, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 372

 

Was viewed:

8883 times

 

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Essay content:

The government, federal reserve system, commercial banks, and separate borrowers all share different roles in the creation on new money. A checking account for example is money that a bank owes you and currency is money that the Federal Reserve owes you. Ferguson and Bond state “The reality is that hard work and productivity no longer have any direct link at all to creating money...
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Ferguson and Bond state “The reality is that hard work and productivity no longer have any direct link at all to creating money. Because of the way money is now created, money can no longer reflect the productivity of any industry or country” (Ferguson & Bond, 2002). When someone looks at creating and destroying money as simply creating or destroying bank debt it becomes easier to understand...
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General issues of this essay:
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