source http://www.pragcap.com/your-textbooks-lied-to-you-the-money-multiplier-is-a-myth/ Cullen Roche author of : Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance Hardcover 2014 and founder of OrcamGroup which has a lot of good reads on existing monetary systems, ie Money https://orcamgroup.com/understanding-money/ Cullen Roche - 08/12/2010 The following comes from an excellent new paper from the Fed.  The paper describes the myth of … Continue reading The Myth of the Money Multiplier