{heart + mind: sacred economics}

"The way that we create money today promises, even demands scarcity. Money is created when the Federal Reserve Bank purchases interest bearing securities (essentially investment contracts). Private banks use these bank reserves to loan businesses and indivuals money. Money comes into circulation when a bank declares to a customer “Here is $1million, please pay me back more than $1million” (i.e., the loan plus interest). This means that at any given time the amount of money in circulation is guaranteed to be less than the amount of money owed."

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