Banking laws are very exact. They only allow printing money based on certain activities between banks and people/governments. These activities include contracts, especially loan agreements. In other words, printed money is simply the representations of the contracts between the banks and people/governments.
Banking laws are very exact. They only allow printing money based on certain activities between banks and people/governments. These activities include contracts, especially loan agreements. In other words, printed money is simply the representations of the contracts between the banks and people/governments.