Monetary circuit theory
Holds that money is created endogenously by the banking sector / From Wikipedia, the free encyclopedia
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Monetary circuit theory is a heterodox theory of monetary economics, particularly money creation, often associated with the post-Keynesian school.[1] It holds that money is created endogenously by the banking sector, rather than exogenously by central bank lending; it is a theory of endogenous money. It is also called circuitism and the circulation approach.