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You're inverting the causality. The funds are created when the private or public sectors assume debt. Because central banks do not generally rediscount common stock under a capitalist system.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Dec 14th, 2011 at 10:04:35 AM EST
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