We just create a supply of money out of thin air and expect everyone else to work for it? ahh sounds like $lavery, oh not to mention now you have to pay interest on that $100 that does not even exist compound or not
It is not that simple, either. The money is still created based on demand for credit, while the latter should be secured by enough collateral (well, at least in theory). So it is not like a bank can print money nonstop 24/7. No honey, no money
Sir if what you just said is true, there should be no money in circulation.
Based on demand for credit? you mean debt? to the bank, with interest and in order to obtain that interest (compound or not), more debt (not credit) must be accumulated.
SPOILER: IT DOES NOT EVEN EXISTSo yes a bank does magically print the money out of thin air and clearly they are doing it unlimited because we don`t know the supply cap of USD or EURO`s OR any fiat for that matter of fact, to supply the "credit" AKA debt to a person. That person now has to obtain money that does not even exist in order to pay the debt back.
https://www.usdebtclock.org/world-debt-clock.html They will all be negative in the future, for one country`s gains is another`s loss and the loss has interest on it.
Yes they do print the $cam unlimited 24/7 and create money non stop, or there would not be $80 trillion +++++++++++++++++++++++++++++++++++++++++++ fiat dollars in bank accounts in existence, with the number just growing 10 fold each year.