alt Hacker NewsIn principle you need a banking license in order to create money, so not "anybody" can create money. For example, I can't, and neither can you (unless you're a bank, which I suspect you're not_.
In principle you need a banking license in order to create money, so not "anybody" can create money. For example, I can't, and neither can you (unless you're a bank, which I suspect you're not_.
If you work for me and I owe you, that’s money.
You can sell that debt on to somebody else in exchange for goods and services.
That’s all money is - a circulating debt.