Credit Expansion Cripples the Economy

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July 20, 2023

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Banks Create Money out of Thin Air. What Could Possibly Go Wrong? ([link removed])
By Stephen Apolito
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

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The Argentinian Zombie Currency ([link removed])
By Octavio Bermudez
Argentina is one of the world's poster children for hyperinflation. Unfortunately, monetary reforms aren't working because the authorities are not serious about having a sound currency.

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