You are talking about credit, not money. Banks create actual state-backed money, which can be physically (or more likely electronically) paid to a third party after they've loaned it to you. A better example would be if…
There's an excellent episode of This American Life about the NUUMI experiment and why it failed to change GM. https://www.thisamericanlife.org/561/nummi-2015
Source?
[flagged]
Could you clarify? Wouldn't this only cut Newfoundland and Labrador off from the rest of Canada? Can't see how this would affect Western Canada's access to the population/economic centre which is basically just Ontario,…
You are talking about credit, not money. Banks create actual state-backed money, which can be physically (or more likely electronically) paid to a third party after they've loaned it to you. A better example would be if…
There's an excellent episode of This American Life about the NUUMI experiment and why it failed to change GM. https://www.thisamericanlife.org/561/nummi-2015
Source?
[flagged]
Could you clarify? Wouldn't this only cut Newfoundland and Labrador off from the rest of Canada? Can't see how this would affect Western Canada's access to the population/economic centre which is basically just Ontario,…