Drawbacks of our monetary system and economy

Jonathan Gros-Dubois
7 min readDec 28, 2022

Up to now, the vast majority of new currency entered the economy via loans — This includes loans made by private banks to individuals and also loans made by reserve banks to governments (E.g. for spending on government salaries and contracts). On the other hand, currency is removed from the economy primarily via loan repayments.

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