Meg Shulmister

“When a loan is granted, it is not a bank-facilitated transfer of funds from a depositor in exchange for an interest rate. Instead, the money for the new loan is created out of nothing; and once issued, it circulates throughout the rest of the economy, devaluing the purchasing power of the already existing supply of dollars. In America, the wealthiest are those gaming the fiat debt system through the perpetual creation of new money that can then be employed to purchase new capital or tangible resources at the expense of the middle and lower classes.”
― Matthew Lysiak, Fiat Food: Why Inflation Destroyed Our Health and How Bitcoin Fixes It