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Economy

Diagrams and dollars (Devin Smith)

A helpful visual representation of money flows between government and private sector. The actual explanation of the thought process can be found here: part 1 and part 2. It is obviously a conceptualisation that simplifies much of what is going on. I therefore recommend also having a look at Money is created out of nowhere (Dominic Frisby)Money as debt (Paul Grignon) and Money as Debt II – Promises Unleashed (Paul Grignon).

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