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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (77231)3/8/2000 1:53:00 PM
From: BGR  Read Replies (1) | Respond to of 132070
 
Mike,

Yes, of course the banking system creates money by making loans. That's ECO 101. So what's your point?

I think that there is no right amount of debt other than that determined by the market.

As for how the credit is used, that again is up to the borrower and the lender to decide.

-BGR.