Talk:Austrian business cycle theory/Archives/2008/August
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Just for starters...banks "make" money...really?
"When banks create new money, whether by printing bank notes or entering bank deposits..." Anybody want to clarify this with independent, third-party sources meeting WP:RS that define "printing bank notes" or "create new money"? Flowanda | Talk 01:05, 5 August 2008 (UTC)
- Are you unfamiliar with the Federal Reserve System? The Federal Reserve is the central bank of the United States. I don't think anyone would seriously dispute that. DickClarkMises (talk) 06:10, 5 August 2008 (UTC)
- While I hesitate to speak for Flowanda, it may make sense to clarify the different senses of "bank" and "money". Generally, only central banks print money, and private banks create a different kind of money than central banks. As written, the statement obfuscates more than it clarifies due to this conflation of different concepts.--Gregalton (talk) 13:31, 5 August 2008 (UTC)