Posted: Feb 22, 2014 12:24 am
Panderos wrote:What is your opinion of the people in the OP here, Thommo?
Do you feel confident you know how banking works on a basic level?
On a really basic level maybe. Not enough to substantively contribute to the debate.
My gut feeling is that it is fairly clear that the modern world is richer than the medieval one and that all the created wealth is not merely illusory, how that ties into the creation of money or the creation of money from nothing is likely to tie in to how money is defined which probably gets quite technical and outside of my understanding.