>You were the one using the friend lending example to say there's no new money created when debt is created.
You keep saying I wrote no money is created. I did not. From every single post in this thread:
My first post in this thread: "new money is added through asset purchases, not giveaways,"
My second: "if you think fractional reserve creates money (in the sense that the gain is not balanced by a matching debt), then paying it back "destroys" the exact same amount. Fractional reserve is zero sum"
Third: "Accounting does balance to zero. Debt and money are added, and they sum to zero"
Fourth: "I have stated that the money is balanced by a matching debt"
Literally every single post I wrote in this thread stated that money is added, and a matching debt is added.
Every. Single. One.
Have fun.
