One of the main proponents of
One of the main proponents of banks create money out of thin air, Ellen Brown, appears to have recanted…or at leat in this article.
Quote:
The fractional reserve banking scheme is a form of shell game, which depends on “liquidity” borrowed at very low interest from other banks or the money market.
http://www.counterpunch.org/2014/07/16/did-the-other-shoe-just-drop/As a member of the Californian Green Party she has a menu of financial reforms rather than simply create credit at the stroke of a pen.