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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (30676)5/21/2010 11:38:57 AM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "The definition of inflation is increasing the money supply by printing money."

No, not really... (at least, not in the last 100 years or so.)

We have what's called a 'fractional reserve monetary system'.

MOST "money" is created by private banks when they use leverage and lend. Far more is created that way then is by actual "printing" of currency.
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