“Central banks are printing lots of money.” This is a phrase you hear almost all the time these days. But how exactly is new money created and where does money come from? Our monetary system has changed over time. The creation of money through credit plays a key role in this. In order to understand the process of money creation, it is necessary to take a look at the past. From the former Gold Standard to the current FIAT system, a change has taken place. A look at the history and the process of money creation. The Gold Standard In…
