Re: The forgot a basic rule of banking
You're correct, but I think they were using "money" just to mean "value", as in the creation of money by a bank does not correspond to an increase in value unless someone creates external utility through their spending of it. Since we don't really have a unit for value, money has often been used as the closest blunt measuring tool, and with that modification in terminology, their points are understandable if a bit simplified.
Biting the hand that feeds IT
