They just never thought of it. But there had to have been a lot of people who realized this before the 1990s. So If it's not publicly known, it sounds like it was hidden. Absolutely. Oh, certainly. Well, actually, so I've got two papers on this. One is the can banks individually create money out of nothing? The other one's called Lost century in economics about these past 100 years. (29:18–29:22)
CLAIM
Suggests that the role of bank credit creation was hidden from public knowledge before the 1990s.
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