With all this talk of the money multiplier... here's a real interesting article with a different perspective on the subject.
http://www.philipji.com/riddle-of-money/
Money Multiplier Article
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Money Multiplier Article
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Money Multiplier Article
Caveat: You'll probably get lost in this... at least I did a bit... but it gets one thinking.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine