主题：【原创】四面楚歌之美国篇 美国金融之庞氏局 -- 井底望天

货币发行，其实就是一个杠杆，关键是要你的GDP上涨比你国债上涨要快，所有重量可以向上，但比例不能上。我自己的看法，应该是30%-40%为好。过了60%，就比较吃力了。

Under Gold(silver) Standard, until, 1920s, this statement is not true.

After the collapse of gold standard of 1930s, yes.

You read the balance sheets of all central banks. It is just there. Debit/Credit...基于债务=monetarize central gov. debt notes.

In finance, it is called "monetarization". In fact, you can monetarize anything as a gov.

IN TODAY'S WORLD, ANY CURRENCY IS JUST A liability note from the gov. It is only as good as the fiscal situation of that gov. That's what we call "fiat money"--money in circulation purely by the FORCE OF the government.

1. no historic sense of the US financial system.

2. they are former rocket scientists who are only good at math models.

The true good finance professors are rare. First, they will not tell you the whole truth because they are patriotic Americans. Some teach financial institutions class, thus truly understand the foundation of the financial system.

You should just read books from Niall Ferguson and teach yourself. This Scot is truly smart.