Everybody Should Read This Paper About Where Money Really Comes From

Earlier I wrote about how more and more people are calling for a ban on banking, and how that's not quite as crazy sounding as it seems. Under their vision, there would still be entities called banks. But they'd have a radically scaled back function. They would primarily serve as places that process payments and hold deposits, but they would be stripped of their most pivotal function, which is creating money. This is a point that's presumably missed by most of the population. You look at money a...