I am trying to understand the specific facts of fractional reserve lending in preparation to a talk before a small group. My understanding is that a...
maybe someone with the time and inclination can pull up a mortgage amortization schedule and calculate what the effective yearly interest rate is for...
Unless you adhere to the concept that there are 3 types of money - commodity money, bank money and govt. money. Some here have argued that the govt....
It is being spent and lent... which is why the housing market and general economy hasn't collapsed yet... and why things you actually need have gone...