Dec '25 (edited) • General discussion
Is this BoE article the best article ever written by a central bank on modern money mechanics?
To me, this is the most iconic article on money ever written, and left us is with this::
“Lending creates deposits”
That’s the beginning of the end for traditional neocon models…or maybe just the end!
It was so powerful I extrapolated it into a 300+ page book with 40 charts:
What have you read by a central bank that you thought was insightful?
Please post links or papers, feel free to share commentary…
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Is this BoE article the best article ever written by a central bank on modern money mechanics?
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