Long time ago, when I was still studying economics with a Dutch former minister of culture (Rick vd Ploeg) as my professor, I learned that if I had one hundred Euros and loaned someone eighty out of those hundred Euros that meant there were one hundred and eighty Euros.
And you could keep repeating that same process endlessly.
It was called New Economy, we should all want it, and it would make everybody happy.
It didn’t make me happy though, because I thought: ‘But somebody will have to pay for those eighty Euros which actually don’t exist’
But luckily everybody is taking part and everybody wants to lend and spend; money is a strong belief system.
