Oddly enough, the one question that finally brought me to anarchy was: “where does money come from?” It was perplexing to me that the answer to such a simple question could be so simple, yet so complex—and, moreover, absurd. So? Where does money come from? I found that the short answer is that new money is created by either 1) artificial bank credit expansion through the fractional-reserve lending process; or 2) the Central Bank prints it (It then uses the newly printed money to buy assets from private banks and adds said assets to its balance sheet). In both instances, new money is...
The Central Banking Scam
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