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Comment: Money Multiplier

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Money Multiplier

has the potential for expanding the money supply up to the money multiplier limit but this does not mean the banks are compelled to exercise their reserves and loan up to that limit, it simply represents an opportunity for expansion.

Don't see what the beef with Tom Woods is.

I do applaud you guys getting into the weeds of how this Ponzi scheme is actually run.

I went back to working on patients and writing code after reading Modern Money Mechanics from the Chicago Fed.

What a racket.