Posted on January 30th, 2023

Premalal Fernando

In a recent news item (link given above), I heard a politician saying that foreign countries are giving us loans out of their tax payers money and that we should understand that those countries have to take it back from their people out of their tax money. This is  rubbish!. When countries or private banks give out loans they create brand new money – money that never existed. Perhaps the attached article would explain how money is created.

Sovereign-Money,-An-Introduction-Dyson-Positive-Money-2016.pdf (

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