Articles by Ben Dyson
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Money Has Been Privatised By Stealth
Ben Dyson – The Guardian,
21 Nov 2011
Here’s how it works. When you ask the bank for the money to buy a one-bedroom box in London, the money that appears in your account isn’t borrowed from some prudent grandmother’s life savings. In fact, the bank simply types those numbers into your account, creating brand new money that you can now spend. As other banks do exactly the same, the amount of money in the economy grows and grows.
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