Mainstream economists do not dispute the idea that banks "create money by extending loans," and this basic concept is covered in most introductory economics textbooks and many popular reference works.[11] Critics of fractional reserve banking often focus on this mechanism and frequently argue that since money creation requires loans from the banking system, people are required to go into debt in order for any new money to be created; they theorize that this can debase the means of exchange. Critics find it problematic that banks "create money out of nothing."
Casa Robino
Shared Hospitality Excavations
