If I lend 20 bucks to my friend, then he lends it to his friend, who lends it to his friend, that's the same kind of multiplier. The total outstanding loans is $60. I really don't get what people make a big deal out of this. I guess it's b/c they aren't economists.
Except that's not the same kind of multiplier at all. I don't understand why you would make a comment without doing any research. I guess you're not an economist.
The total loans in existence is a multiple of the starting money. Same thing. And also the same is refusing to subtract the total debt for some reason. Unless you have some kind of, you know, argument?
