'Of course, they do not really pay out loans from the money
they receive as deposits. If they did this, no additional
money would be created. What they do when they make
loans is to accept promissory notes in exchange for credits
to the borrowers' transaction accounts.'
Printed copy · Anthology Volume 3, page 384Printed copy from The Tender For Law Anthology, Volume 3, page 384 (printed 13 June 2014). Added by this site; not part of the Facebook export.