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Banks create it out of thin air when they make loans – they loan it into existence.
They create it out of thin air and put it into circulation in the form of profit-making loans.
Money, he said in his blog, is nothing but an IOU and is not based on anything substantial, and added: "Which means governments can easily manipulate it for their own means and that banks can create it out of nothing".
If you wonder how this works: banks simply pretend that borrowers have deposited the money that they lend them, and thus create it out of nothing when they credit their deposit accounts, adding to the money supply.
So we have a fiat currency not based on anything substantial, which means governments can easily manipulate it for their own means and that banks can create it out of nothing.
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He finally said, 'I'll let you re-create it out on stage, but I won't guarantee I'll let you use any of it,' " Binder says.
Prada creates it out of the desire to be rescued from the isolation that a creative life demands.
Mr. Iacono, whose brother Chris is also a pizzaiolo and recently opened a restaurant in South Park Slope, spent two years building Lucali, creating it out of what was once his favorite neighborhood candy store, Louie's.
He created it out of the simple belief that the act of taking books to people who do not have them can somehow improve this impoverished region, and perhaps Colombia.
There have certainly been terrorism sting operations in which informants were used in accordance with the spirit of the law – cases in which the FBI was intercepting a crime already in progress, rather than creating it out of whole cloth.
Gutenberg's genius was not creating it out of thin air; it was taking four existing technologies and then creating it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com